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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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A Legal Showdown: Maduro’s Immunity Bid Challenges U.S. Authority

Maduro, who pleaded not guilty to narco-terrorism and cocaine charges claimed that he remained the president of Venezuela.

Venezuelan leader Nicolás Maduro has set off a rare legal confrontation in the United States by asserting that he cannot be prosecuted because he is a sitting head of state. His appearance in a New York courtroom, where he pleaded not guilty to charges including narco‑terrorism and drug trafficking, has opened a debate over the reach of U.S. criminal law and the boundaries of international immunity.

Maduro’s argument rests on his claim to be Venezuela’s legitimate president, a status that would typically grant him protection from prosecution under international norms. U.S. authorities, however, have refused to recognize his presidency for years, instead backing opposition figure Juan Guaidó. Prosecutors maintain that because the U.S. does not acknowledge Maduro as Venezuela’s lawful leader, he cannot invoke head‑of‑state immunity.

His legal team has also challenged the circumstances of his capture, describing it as an unlawful seizure. Historically, though, U.S. courts have allowed prosecutions to proceed regardless of how a defendant was brought into custody, suggesting this line of defense may face an uphill battle.

The case now stands as a test of how far the United States can go in pursuing foreign leaders accused of criminal activity. Its outcome could shape future interpretations of sovereignty, legitimacy, and the limits of American jurisdiction.


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