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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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Political Standoff Forces U.S. Government Shutdown, Millions Affected

The last shutdown was in Trump’s first term when he demanded that Congress give him money for his U.S.-Mexico border wall.

The United States federal government officially shut down on October 1, 2025, after lawmakers failed to reach an agreement on a funding package for the new fiscal year. The deadlock stems from sharp partisan divisions over healthcare subsidies, federal spending levels, and foreign aid allocations.

This marks the 21st government shutdown in modern U.S. history and the third under President Donald Trump. Roughly 900,000 federal employees have been furloughed, while another 700,000 are working without pay in essential roles such as air traffic control, border security, and Medicare services.

The shutdown’s impact is already being felt nationwide. National parks and museums are closing or operating with limited services, while federal agencies like the CDC and NIH face suspended operations. The travel industry is bracing for disruptions, with longer airport lines and potential delays expected as essential staff continue working without pay.

Economists estimate the shutdown could cost the U.S. economy hundreds of millions of dollars per day if it drags on. While Social Security and mail delivery remain unaffected, millions of Americans are facing uncertainty as the political stalemate continues.

The duration of the shutdown will depend on whether Congress can break the impasse in the coming days. Until then, the nation faces both economic strain and widespread disruption to public services.


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