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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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ExxonMobil’s Ionian Sea Deal Strengthens U.S. Energy Role in Europe

Under the deal, Exxon will partner with Energean, whose flagship gas fields are located offshore Israel, and Helleniq to explore for natural gas in Block 2 offshore Western Greece.

ExxonMobil has taken a significant step into the eastern Mediterranean energy landscape by signing a new agreement to explore for natural gas offshore Greece. The deal marks a strategic expansion of the U.S. energy footprint in the region at a time when Europe is seeking alternatives to Russian gas supplies.

Under the agreement, ExxonMobil will partner with Energean and Helleniq Energy to explore Block 2 in the Ionian Sea, located northwest of Corfu. The concession covers more than 2,400 square kilometers and is considered one of Greece’s most promising offshore prospects. Preliminary estimates suggest potential reserves of up to 200 billion cubic meters of natural gas, though exploratory drilling will not begin until late 2026 or early 2027.

For Greece, the agreement is seen as a vote of confidence in its role as a regional energy hub, boosting its geopolitical importance while potentially unlocking new domestic resources. Energean will remain the operator during the exploration phase, but ExxonMobil is expected to assume control if commercial discoveries are made.

This move underscores ExxonMobil’s global strategy of diversifying its exploration portfolio while aligning with U.S. energy diplomacy. If successful, the Ionian Sea project could reshape the energy map of southern Europe, offering both economic and strategic benefits to Greece and its partners.



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