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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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Your lookahead horoscope: July 6, 2025

 

IF TODAY IS YOUR BIRTHDAY

Your ability to tune in to other people’s thoughts and feelings will help you immensely over the coming year, especially on the work front where you can sense problems well before they arrive. If nothing else that means you can take evasive action!

Aries (March 21 - April 20):

If you are involved in discussions of a business nature this week you must approach them from a position of strength. That means knowing what your own negotiating stance is going to be AND what your rivals will want from you. Do your homework.

Taurus (April 21 - May 21):

A task of some kind seems so massive that you may be having trouble knowing where to start. Take the bull (your sign) by the horns and just throw yourself at it. The most important thing by far is that you get moving and build up momentum.

Gemini (May 22 - June 21):

As changes planet Uranus moves into your sign this week there is no point trying to guess what will happen next. Your best tactic by far is to hold back and let someone else make the first move, and the first mistake. It’s how you react that counts.

Cancer (June 22 - July 23):

Can you trust your feelings? Yes, you can. If you sense that something is not quite right but can’t work out what it might be just give it time and see what happens. This is one of those occasions when your rational mind may be of only limited help.

Leo (July 24 - Aug. 23):

Do you forgive someone who has hurt you? Or do you cut them out of your life and move on to pastures new? Only you can decide but if they have hurt you previously then maybe it’s time to call it a day. Don’t let it become a habit.

Virgo (Aug. 24 - Sept. 23):

The best way to get things done now is by forming strategic partnerships with people whose hunger for success is as strong as your own. You may have been rivals in the past but now you need to be on the same side – the winning side.

Libra (Sept. 24 - Oct. 23):

You will get another chance to finish a task that should have been completed by now but if you fall short this time it will be seen as a failure and so will you. You’ve got what it takes to make a success of it, so don’t hold back.

Scorpio (Oct. 24 - Nov. 22):

You won’t have to exert yourself too much to get things done this week. You are so in the groove at the moment that the game of life appears to be playing you rather than the other way round. Lean back and go with the flow.

Sagittarius (Nov. 23 - Dec. 21):

If something about a business deal does not feel right then back off a bit and go over the contract one more time. It’s unlikely that anyone is trying to cheat you but if you have overlooked an important detail you may be cheating yourself.

Capricorn (Dec. 22 - Jan. 20):

Events on the work front could be a bit chaotic over the next few days, so promise yourself that you will stay calm and wait for everything to settle down, which of course it will. Why make life difficult for yourself when you don’t have to?

Aquarius (Jan. 21 - Feb. 19):

The reckless side of your nature could make an appearance this week and if it does you may have some clearing up to do later in the month. But even if that happens you can still have a good time – sometimes the consequences are actually worth paying.

Pisces (Feb. 20 - Mar. 20):

You don’t need to face a difficult situation on your own, not when there are so many people who would happily step forward to guide you. Speak up if you need help this week, and watch you don’t get trampled in the rush!

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