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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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Iran Warns of “Severe” Retaliation Amid Escalating Tensions

            Iran threatens ‘harsh, regrettable’ response to any aggression after claiming full-scale war with the US, Israel.

Iran has issued a sharp warning that any act of aggression against the country will trigger a “harsh” and “regret‑inducing” response, signaling a hardening stance as regional tensions continue to rise. President Masoud Pezeshkian delivered the message publicly, stressing that Iran will not hesitate to defend itself against external threats.

The warning followed renewed statements from U.S. leadership suggesting that Washington would respond forcefully if Iran attempts to rebuild elements of its missile or nuclear programs. Iranian officials quickly pushed back, accusing the United States of escalating rhetoric and attempting to intimidate the country.

Senior advisers in Tehran echoed the president’s remarks, emphasizing that Iran views any military strike or covert action as a direct attack on its sovereignty. The exchange has fueled concerns among analysts who fear that heightened rhetoric on both sides increases the risk of miscalculation.

For now, Iran’s message remains firm: any strike or perceived act of aggression will be met with a powerful and immediate response.


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