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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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Air Travel Chaos Deepens as FAA Orders More Cuts Amid Shutdown

Travelers walk though Ronald Reagan Washington National Airport as the Trump administration warns of impending cuts to commercial airline operations more than a month into the continuing U.S. government shutdown in Arlington, Virginia, U.S., November 7, 2025. 

Major U.S. airlines are bracing for a third consecutive day of government-mandated flight reductions as the ongoing federal shutdown continues to cripple the nation’s air travel system. The Federal Aviation Administration (FAA) has ordered carriers to cut 4% of daily flights at 40 major airports, citing severe air traffic control staffing shortages caused by the shutdown.

The crisis escalated over the weekend, with more than 1,300 flights canceled on Saturday and thousands more delayed across major hubs including Atlanta, Chicago, Newark, and Los Angeles. The FAA has warned that reductions will increase to 6% on Tuesday and reach 10% by November 14, raising fears of widespread disruption just weeks before the busy Thanksgiving travel period.

Transportation Secretary Sean Duffy cautioned that air travel could be reduced to “a trickle” in the days leading up to Thanksgiving, one of the busiest travel seasons of the year. Millions of Americans typically take to the skies during this period, but the prolonged shutdown—now in its 40th day, the longest in U.S. history—has left thousands of federal employees, including air traffic controllers, working without pay or unable to report for duty.

Airlines such as Delta, United, American, and Southwest have scrambled to adjust schedules, issue travel waivers, and rebook passengers. However, industry leaders warn that the situation is unsustainable, with mounting delays and cancellations threatening both traveler confidence and the economic health of the aviation sector.

For passengers, the advice is clear: expect disruptions, plan ahead, and remain flexible. With flight cuts set to intensify, the coming weeks may mark one of the most challenging travel seasons in recent memory.


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