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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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Poland Downs Russian Drones in First Direct NATO Engagement of the War

A Polish Army member inspects a damaged house after Russian drones violated Polish airspace during an attack on Ukraine Wednesday.

Poland has confirmed it shot down multiple Russian drones that violated its airspace during a massive overnight assault on Ukraine — marking the first time a NATO member has directly engaged Russian assets since the war began in 2022.

According to Prime Minister Donald Tusk, a “huge number” of drones crossed into Polish skies, with those posing an immediate threat neutralized by Polish F-16s and allied NATO aircraft, including Dutch F-35s. The incursions occurred between late Tuesday night and early Wednesday morning, with some drones entering from Belarus.

Polish authorities described the incident as an “act of aggression” and placed the armed forces on high alert. Airspace over several airports, including Warsaw’s Chopin Airport, was temporarily closed during the operation. Ground teams are now searching for debris, warning civilians not to approach any unidentified objects.

NATO officials have expressed full solidarity with Poland, while European leaders called the violation deliberate and escalatory. The episode underscores growing concerns that Russia’s aerial campaign against Ukraine is spilling over into allied territory — a development that could test the alliance’s collective defense commitments.


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