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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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Alberta Premier Proposes Education Commission Amid Ongoing Teachers’ Strike

 

Striking Alberta teachers and supporters wave signs outside Rogers Place in Edmonton, on Thursday, Oct. 16, 2025. 


As thousands of striking teachers rallied outside, Premier Danielle Smith announced her intention to establish a new education commission once the provincewide strike concludes.

Smith emphasized the need for “new models” to address persistent challenges in Alberta’s classrooms, particularly issues of complexity and specialized learning needs. Speaking at an Edmonton Chamber of Commerce event, she said the commission would include teachers and focus on solutions for classroom supports, student diversity, and resource allocation.

The strike, which began October 6, has seen more than 51,000 teachers walk off the job. Key sticking points in negotiations with the Alberta Teachers’ Association include wages, classroom sizes, and additional supports. Smith reiterated her government’s desire for a negotiated settlement but stressed that long-term reforms are necessary to prevent similar disputes in the future.


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