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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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Kremlin Silent on US Peace Plan Proposals for Ukraine

Despite the ongoing peace talks, the bombing of Ukraine has continued with increased intensity

Russian President Vladimir Putin has been briefed on proposals from the United States aimed at advancing a peace plan for Ukraine. According to Kremlin spokesperson Dmitry Peskov, Moscow has received the proposals but will not disclose its reaction at this stage.

The refusal to comment underscores Russia’s cautious approach to diplomatic initiatives surrounding the ongoing conflict. While Washington has sought to explore avenues for negotiations, the Kremlin’s silence suggests it is weighing the implications before making any public stance.

Analysts note that the lack of response may reflect Moscow’s desire to maintain strategic ambiguity, leaving open the possibility of future talks while avoiding commitments that could limit its options.


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