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Monday’s CPI Could Decide Your Next Mortgage Payment

  Canada lost 68,000 jobs in September. Inflation is sitting at 3%. The Bank of Canada has to decide on October 28 which of those facts matters more, and on Monday morning one more number lands to help it choose. If you carry a variable-rate mortgage, a HELOC or a renewal this winter, that number has a price tag. Two reports pulling in opposite directions The jobs data came first. Statistics Canada reported on October 9 that employment fell by 68,000 in September, pushing the unemployment rate to 6.5% from 6.4%. It followed a drop of about 42,000 in August, which means more than half of the 181,000 jobs gained between April and July have now been wiped out. Ontario shed 20,000 positions on its own. Markets reacted within hours: the odds of a quarter-point Bank of Canada hike on October 28 dropped to roughly 25% from about 40%, according to LSEG data reported by Reuters. Inflation is telling the opposite story. The consumer price index rose 3.0% year over year in August, matching Ju...
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Trump and Zelenskiy Pledge Closer Defense Ties Amid Surge in Russian Attacks

U.S. President Donald Trump and Ukrainian President Volodymyr Zelenskiy held a high-stakes phone call on Friday to address Ukraine’s urgent defense needs as Russian drone and missile strikes intensify across the country. The leaders discussed expanding deliveries of Patriot missile systems and launching joint defense production initiatives to bolster Ukraine’s air shield.

The conversation followed a dramatic escalation in the conflict, with Russia unleashing its largest drone assault on Kyiv since the war began—just hours after Trump’s reportedly “disappointing” call with Russian President Vladimir Putin.

Zelenskiy emphasized the need for continued U.S. military support, particularly advanced air defense systems, and confirmed that both sides agreed to arrange meetings between their teams to coordinate further cooperation. Trump, for his part, pledged to review halted weapons shipments and explore ways to resume critical supplies.

Germany has also entered talks to purchase Patriot systems to help bridge Ukraine’s defense gap, signaling a broader international effort to reinforce Kyiv’s defenses.

The call marks a pivotal moment in U.S.-Ukraine relations, as both leaders navigate shifting geopolitical dynamics and the urgent need to counter Russia’s escalating aggression.

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