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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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At least 30 Palestinians were killed in a wave of Israeli airstrikes across the Gaza Strip, according to local hospitals, marking one of the deadliest escalations since the ceasefire took effect. The strikes hit several densely populated areas, including parts of Gaza City and Khan Younis, leaving emergency crews struggling to reach survivors under the rubble.

Medical staff reported that women and children were among the dead, with dozens more injured. The sudden surge in casualties has heightened fears that the fragile ceasefire could unravel, as both sides accuse each other of violating its terms.

The latest violence comes amid ongoing humanitarian strain in Gaza, where shortages of medical supplies, fuel, and clean water continue to deepen the crisis. Residents describe a growing sense of uncertainty as they brace for the possibility of further escalation.


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