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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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Ceasefire Talks in Gaza Reach Pivotal Stage

 

Mourners pray as they attend the funeral of Palestinians who, according to medics, were killed in an Israeli strike this week, at Al-Shifa Hospital in Gaza City.


Negotiations aimed at halting the ongoing conflict in Gaza have entered a critical juncture, with mediators warning that a full ceasefire agreement has yet to be finalized. Diplomatic sources indicate that while progress has been made in bridging differences between the parties, key issues remain unresolved, leaving the situation fragile and uncertain.

International mediators, including representatives from regional powers and global organizations, continue to press for an immediate cessation of hostilities to allow humanitarian aid into the besieged territory. However, disagreements over security guarantees and the sequencing of steps toward a lasting truce have slowed the process.

Observers stress that the coming days will be decisive. Without a breakthrough, the risk of renewed escalation remains high, threatening both regional stability and the lives of civilians caught in the crossfire.


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