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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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Zelenskiy Signals Potential Deployment of Thousands Under Postwar Security Plan

 

Ukraine's President Volodymyr Zelenskiy and European Council President Antonio Costa attend a joint meeting, amid Russia's attack on Ukraine, in Uzhhorod


Ukrainian President Volodymyr Zelenskiy has said that thousands of foreign troops could be stationed in Ukraine as part of postwar security guarantees proposed by Kyiv’s allies. Speaking in Uzhhorod after meeting European Council President Antonio Costa, Zelenskiy stressed that discussions with partner nations were ongoing, but the scale of the potential deployment would be “in the thousands, not just a few.”

The proposal follows French President Emmanuel Macron’s announcement that 26 countries have pledged to provide security guarantees once Russia’s war ends, potentially involving an international force on land, sea, and in the air. While some nations may send troops, others could contribute by training and equipping Ukrainian forces from outside the country.

Russian President Vladimir Putin has warned that any Western troops deployed to Ukraine would be considered legitimate targets. Despite this, Kyiv views such guarantees as essential to deterring future aggression and securing its recovery, alongside its push for European Union membership.

The talks come amid broader diplomatic efforts, with Ukraine also urging allies to halt purchases of Russian oil to cut off funding for Moscow’s war machine.


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