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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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Ottawa Designates India’s Bishnoi Gang as Terrorist Group

Police officers escort Lawrence Bishnoi, right, inside a courthouse in New Delhi, India, on April 18, 2023.


The Government of Canada has officially designated the Bishnoi Gang, an India-based criminal network, as a terrorist entity under the Criminal Code. Public Safety Minister Gary Anandasangaree announced the move, citing the gang’s involvement in murder, shootings, arson, extortion, and intimidation that have created a climate of fear within diaspora communities.

The designation empowers Canadian authorities to freeze or seize the gang’s assets, including property, vehicles, and financial holdings. It also provides law enforcement with expanded tools to prosecute offences related to terrorism, such as financing, recruitment, and travel.

Led by Lawrence Bishnoi, who has been imprisoned in India since 2014, the gang has been linked to drug trafficking, extortion, and targeted killings. Despite Bishnoi’s incarceration, investigators allege he continues to direct operations from behind bars.

The listing follows mounting pressure from provincial leaders and opposition parties, who argued that the gang’s activities posed a direct threat to public safety in Canada. With this move, the Bishnoi Gang joins 88 other organizations currently listed as terrorist entities in Canada.


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