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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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Migrant Boat Sinks Off Samos, Leaving One Dead and Three Missing

A Greek national flag and a EU flag flutter inside a newly inaugurated closed-type migrant camp on the island of Samos.

A woman has died and three people are missing after a migrant boat sank early Monday off the Greek island of Samos.

According to officials, a group of 26 migrants managed to reach the island’s Petalides area and alerted authorities that others were still at sea. A large search‑and‑rescue operation was launched, involving coast guard vessels, a helicopter, a private boat, and land teams.

Rescuers recovered the body of a woman during the operation, while efforts continue to locate the remaining missing individuals. Authorities have not yet released details about the migrants’ nationalities or the circumstances that led to the sinking.

Samos, located near the Turkish coast, remains a frequent landing point for migrants attempting the dangerous crossing. Despite increased patrols and stricter border controls, fatal incidents continue to occur in the region.

Search efforts are expected to continue as conditions allow.


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