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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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Ceasefire Talks in Cairo Amid Intensifying Gaza Strikes

 

Palestinians seek aid supplies from trucks that entered Gaza through Israel, in Beit Lahia, in the northern Gaza Strip.


Israeli Prime Minister Benjamin Netanyahu has reiterated that Palestinians in Gaza will be “allowed to exit” the enclave, as militant group Hamas engages in ceasefire negotiations with Egyptian mediators in Cairo. The talks, led by Hamas chief negotiator Khalil Al-Hayya, aim to halt the nearly two-year conflict, secure humanitarian aid, and address governance in Gaza.

While discussions continue, Israeli forces have intensified air and ground assaults on Gaza City, particularly in the Zeitoun and Shejaia neighborhoods, resulting in multiple civilian casualties. The proposed ceasefire framework reportedly includes the possibility of Hamas relinquishing control of Gaza and disarming, though Hamas insists it will not lay down arms before an Israeli withdrawal.

International concern over the humanitarian crisis is mounting, with foreign ministers from 24 countries urging Israel to allow unrestricted aid into Gaza. Israel maintains it is facilitating deliveries, citing hundreds of aid trucks entering daily, while accusing Hamas of diverting supplies.

The outcome of the Cairo talks remains uncertain, but the stakes are high as both the violence and humanitarian toll escalate.

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