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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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Ontario Faces Backlash as EQAO Scores Withheld

                                            Ontario’s Education Minister, Paul Calandra

Ontario’s Education Minister, Paul Calandra, has ignited controversy by announcing that the release of the province’s standardized test results from the Education Quality and Accountability Office (EQAO) will be delayed. Traditionally published in September or October, these scores provide critical insight into student performance in reading, writing, and math.

Calandra defended the move, stating that the ministry is conducting a deeper analysis of the data to ensure it informs long-term improvements in Ontario’s education system. However, critics argue that withholding the results undermines transparency and prevents schools from addressing urgent student needs. Educators, experts, and opposition politicians have accused the minister of political interference, warning that the delay could erode public trust in the province’s education accountability framework.

The EQAO, established to measure student achievement and guide policy, has long been a contentious tool. While supporters see it as a way to track progress and identify areas for improvement, detractors argue that it places undue emphasis on standardized testing and fails to capture the full scope of student learning.

This latest decision has sparked an outcry among teachers’ unions and parent groups, who fear that the delay masks systemic issues rather than addressing them. Calls for immediate release of the scores have grown louder, with many demanding that the government uphold its commitment to openness and accountability.

As the debate intensifies, the controversy highlights a broader struggle over how Ontario balances data-driven education policy with the need for transparency and trust in its public school system.


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