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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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Trump Seeks Breakthrough with Xi on High-Stakes Asia Tour

Protesters attend an anti-Trump rally against US President Donald Trump's tariff policy ahead of his visit to South Korea for the APEC summit, in Seoul, South Korea.

U.S. President Donald Trump has embarked on a week-long trip across Asia, aiming to secure a pivotal deal with Chinese President Xi Jinping amid escalating trade tensions. The journey includes stops in Malaysia, Japan, and South Korea, where Trump is expected to sign economic and critical mineral agreements with regional partners before his highly anticipated face-to-face meeting with Xi.

The White House has signaled that Trump’s priority is to stabilize strained U.S.-China relations and potentially ease the ongoing trade war. Officials say the administration hopes to unlock new supply chains, strengthen investment opportunities, and reduce reliance on Chinese exports.

The Trump-Xi meeting, scheduled in South Korea, is being described by analysts as “high-risk, high-reward.” A successful outcome could reset relations between the world’s two largest economies, while failure may deepen global economic uncertainty.

As Trump positions himself as a dealmaker on the international stage, the Asia trip could prove decisive in shaping the trajectory of U.S.-China ties for years to come.


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