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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 Transat Secures Tentative Deal, Pilots’ Strike Averted


Air Transat has reached a last-minute tentative agreement with the union representing its pilots, successfully averting a strike that was set to begin within hours. The deal lifts the immediate threat of disruption and allows the airline to resume normal operations during the busy holiday travel season.

The agreement comes after months of tense negotiations between Transat A.T. Inc. and the Air Line Pilots Association (ALPA), which represents more than 700 pilots. Earlier this week, the union had issued a 72-hour strike notice, prompting the airline to cancel flights and prepare for a gradual shutdown of operations.

While details of the tentative deal have not been disclosed, both sides confirmed that the proposal will be submitted to union members for ratification in the coming days. Captain Bradley Small, chair of the ALPA Master Executive Council, said the pilots’ unity and resolve finally brought management to the table for meaningful negotiations.

For passengers, the announcement brings relief after days of uncertainty. Air Transat’s CEO Annick Guérard acknowledged the disruption caused by the looming strike and apologized to customers whose travel plans were affected. She emphasized that the company is now focused on restoring operations and ramping up flights to popular destinations.

The tentative deal marks an important milestone in the bargaining process, but the outcome ultimately depends on the pilots’ vote. If ratified, the agreement will end nearly a year of stalled negotiations and ensure stability for the airline’s workforce and travelers alike.

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