Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

EU Clamps Down on Russian Travel with Stricter Visa Rules

                            EU tightens rules for multiple-entry Schengen visas for Russian passport holders



The European Union has introduced tougher visa restrictions for Russian nationals, ending the practice of granting multiple-entry permits. Under the new rules, Russians will need to apply for a fresh visa each time they wish to enter the bloc.

Officials say the change is aimed at tightening security and preventing misuse of travel privileges. The move comes amid heightened concerns over migration, sabotage, and other risks linked to Russia’s ongoing conflict with Ukraine.

Exceptions will remain in place for certain groups, including dissidents, independent journalists, human rights defenders, and family members of EU citizens. Transport workers may also qualify for short-term multi-entry visas to keep essential services running.

EU leaders emphasized that travel to Europe is a privilege, not a right, and argued that the new rules are necessary to protect public safety. The policy marks one of the most restrictive measures on Russian mobility since the war began, signaling the bloc’s determination to balance openness with vigilance.


Labels:

Comments

Post a Comment