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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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U.S. Limits Ukraine’s Use of Long-Range Missiles Amid Push for Peace Talks

 


The Pentagon has quietly restricted Ukraine from using U.S.-supplied long-range Army Tactical Missile Systems (ATACMS) to strike targets inside Russia, according to U.S. officials cited by the Wall Street Journal.

The policy, in place since late spring, requires high-level approval from Defense Secretary Pete Hegseth before any such strikes can be carried out. On at least one occasion, Kyiv’s request to use the missiles against Russian territory was denied.

The move comes as President Donald Trump grows increasingly frustrated over the lack of progress in ending the three-year war. His administration has sought to bring Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskyy to the negotiating table, but talks have stalled.

Officials say the restrictions also apply to certain European weapons systems that rely on U.S. intelligence or components, such as the UK’s Storm Shadow cruise missile. While Trump has publicly argued that Ukraine cannot win without taking the offensive, the Pentagon’s review process remains in place, limiting Kyiv’s ability to strike deep into Russian territory.

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