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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 New Era in Global Trade: India and EU Seal Historic Pact

 

European Council President Antonio Costa, European Commission President Ursula von der Leyen and Indian Prime Minister Narendra Modi pose at Hyderabad House in New Delhi.


India and the European Union have concluded a landmark free trade agreement that is being hailed as one of the most significant economic deals either side has ever signed. After nearly twenty years of negotiations, the pact establishes a vast free‑trade corridor connecting two of the world’s largest democratic economies.

The agreement dramatically reduces tariffs, with India set to lower duties on the majority of European exports and the EU opening its market to almost all Indian goods over a phased period. The move is expected to stimulate major growth in bilateral trade, strengthen supply chains, and create new opportunities for industries ranging from textiles and agriculture to automobiles and high‑tech manufacturing.

For India, the deal offers expanded access to one of the world’s wealthiest consumer markets, boosting sectors that rely heavily on exports. European companies, meanwhile, gain a more predictable and open pathway into one of the fastest‑growing major economies.

Beyond economics, the pact signals a strategic deepening of ties at a time when global trade patterns are shifting. Both sides have emphasized that the agreement reflects a shared commitment to stability, openness, and long‑term partnership.

The deal now moves toward formal ratification, marking the beginning of what leaders describe as a transformative chapter in India‑EU relations.


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