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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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Quantum Leap: Nobel Prize in Physics Honors Breakthroughs in Superconducting Circuits

From left to right, pictures of 2025 Nobel winners John Clarke, Michel H. Devoret and John M. Martinis are projected on a screen at a news conference in Stockholm on Tuesday, as part of the awards presented by the Royal Swedish Academy of Sciences. 

The 2025 Nobel Prize in Physics has been awarded to John Clarke, Michel H. Devoret, and John M. Martinis for their pioneering work that revealed quantum mechanical effects in superconducting electronic circuits.

Their experiments demonstrated that phenomena once thought to exist only at the atomic scale—such as quantum tunnelling and energy quantisation—can also occur in circuits large enough to hold in the palm of a hand. By constructing superconducting chips with Josephson junctions, the trio showed that billions of electrons could behave collectively as a single quantum system.

This discovery bridges the microscopic and macroscopic worlds of physics, confirming that quantum mechanics governs not only the smallest particles but also engineered systems visible to the naked eye. The research has laid the foundation for quantum computing, quantum sensors, and advanced cryptography, technologies expected to transform science and industry in the decades ahead.

In awarding the prize, the Royal Swedish Academy of Sciences praised the laureates for “making quantum mechanics tangible on a macroscopic scale,” underscoring how century-old theory continues to surprise and inspire.


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