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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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Second Day of Tension as Welland Police Maintain Standoff

 

Members of Niagara regional police position themselves along Plymouth Road close to the location where an officer was shot in Welland, Ont., while police were responding to reports of gunfire, Friday, Dec. 19, 2025.


A police standoff in Welland, Ontario has entered its second day after a Niagara Regional Police officer was shot while responding to reports of gunfire on Friday morning. The officer, who was hit in the chest during an exchange of gunfire, was treated in hospital and later released with minor injuries.

The suspect remains barricaded inside a residence near Plymouth Road and Second Street, where police negotiators continue working toward a peaceful surrender. A shelter‑in‑place advisory remains in effect for nearby residents as officers maintain a secure perimeter around the area.

The incident began when officers accompanied bylaw staff to a property reportedly involved in a fencing dispute. Gunfire broke out shortly after their arrival, prompting precautionary lockdowns at nearby schools and the local hospital.

Police say no additional injuries have been reported, and their priority remains resolving the situation safely as negotiations continue.


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