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

Diplomatic Push Intensifies as U.S. Envoy Heads to Moscow, Zelenskyy Rallies Europe

 

Special Envoy Steve Witkoff attends a meeting with Ukrainian officials Sunday, Nov. 30, 2025, in Hallandale Beach, Fla.


Efforts to find a path toward peace in the ongoing war in Ukraine are gaining momentum this week, as U.S. envoy Mark Witkoff prepares for talks with Russian President Vladimir Putin in Moscow. The meeting comes at a critical juncture, with international pressure mounting to ease tensions and explore potential avenues for negotiation.

Meanwhile, Ukrainian President Volodymyr Zelenskyy is touring European capitals to strengthen alliances and secure continued support for Kyiv. His trip underscores Ukraine’s determination to keep Western nations engaged as the conflict grinds on.

The parallel diplomatic tracks highlight the complexity of the situation: while Washington seeks dialogue with Moscow, Kyiv is focused on reinforcing its partnerships across Europe. Observers note that the simultaneous efforts reflect both urgency and uncertainty, as the war shows little sign of resolution but global leaders intensify their search for common ground.


Labels:

Comments

Post a Comment