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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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Tens of Thousands of Israeli Reservists Mobilized as Gaza City Offensive Nears

 

Displaced Palestinians take shelter in Gaza City where the Israeli forces are expected to escalate operations


Tens of thousands of Israeli reservists have begun reporting for duty as the military prepares for a major offensive in Gaza City, a move Prime Minister Benjamin Netanyahu has ordered to accelerate despite warnings from senior military officials.

According to Israeli Army Radio, around 40,000 reservists are joining the operation, with logistical preparations underway for their deployment. The planned assault aims to seize Gaza City — described by Israel as Hamas’ last stronghold — following months of intense fighting that has left much of the Gaza Strip in ruins. Israel currently controls about 75% of the territory.

The mobilization comes amid internal tensions, with military chief Lt. Gen. Eyal Zamir cautioning that the campaign could endanger hostages still held in Gaza and further strain the army’s resources. Some reservists have also voiced frustration over what they see as a lack of a clear post-war strategy.

Meanwhile, airstrikes across the enclave have intensified, killing at least 25 people on Tuesday, including 16 in Gaza City, according to local health authorities. Humanitarian agencies warn that a full-scale assault could trigger another wave of mass displacement and worsen already dire conditions for civilians trapped in the city.


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