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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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EU’s Kallas Says Russia’s Claims of Ukrainian Strikes Are a ‘Distraction’

 


European Union foreign policy chief Kaja Kallas has rejected Russia’s recent allegations that Ukraine carried out attacks on Russian territory, calling the claims a “distraction” designed to shift attention away from Moscow’s actions in the war.

Kallas argued that Russia is using unverified accusations to undermine diplomatic efforts and to create confusion among international audiences. She emphasized that such narratives fit a long‑standing pattern in which Moscow attempts to redirect blame while continuing its military campaign against Ukraine.

Russian officials recently claimed that Ukrainian drones targeted sites inside Russia, but provided little evidence to support the assertions. Ukrainian authorities have dismissed the allegations as fabrications intended for domestic propaganda.

Kallas urged European partners to remain focused on supporting Ukraine and not allow what she described as misleading narratives to derail ongoing diplomatic and humanitarian efforts.


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