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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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Haitian Migrants Intercepted Near Quebec Border on Christmas Night

 


Nineteen Haitian migrants were intercepted by the RCMP on Christmas after crossing irregularly into Quebec from the United States during frigid weather conditions.

Police say the group, which included adults, a toddler, and a three‑year‑old child, entered Canada near Havelock in the Montérégie region, a few kilometres north of the New York border. U.S. authorities alerted Canadian officers early in the evening, prompting a coordinated search along the wooded border area.

Fifteen people were located hiding in the forest, while officers continued searching until late evening to find the remaining migrants. Eight individuals were taken to hospital, with several treated for frostbite. The two young children were also examined as a precaution.

The RCMP says the investigation is ongoing as officials determine next steps in processing the asylum seekers.


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