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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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Air Canada–CUPE Talks Collapse, Strike and Lockout Loom

 

Labour negotiations between Air Canada and the Canadian Union of Public Employees (CUPE), representing roughly 10,000 flight attendants, collapsed just hours before the strike notice deadline on August 13, 2025.

CUPE issued a 72‑hour strike notice shortly after midnight, setting the stage for a potential walkout as early as 12:01 a.m. EDT on August 16. In response, Air Canada served its own 72‑hour lockout notice and announced plans for a phased suspension of most mainline and Rouge flights over the next three days.

The airline said it had offered a 38% total compensation increase over four years, along with improvements to pensions, benefits, crew rest, and ground pay. CUPE countered that members face “unpaid labour” for pre‑ and post‑flight duties and have been earning “poverty wages” despite the demands of the job.

Both sides accuse the other of walking away from meaningful dialogue. Air Canada has requested government‑directed arbitration, but CUPE maintains it is prepared to strike if necessary.

If no agreement is reached, the dispute could disrupt thousands of travel plans during the busy summer season.

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