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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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Caribbean Flights Resume as U.S. Ends Airspace Restrictions After Venezuela Operation

An American Airlines plane arrives at LaGuardia Airport in the Queens borough of New York City.

The United States has lifted emergency airspace restrictions over the Caribbean following a major military operation in Venezuela that resulted in the capture of President Nicolás Maduro. The curbs, which had halted hundreds of commercial flights across the region, expired at midnight Eastern Time, allowing airlines to begin restoring normal service.

U.S. Transportation Secretary Sean Duffy announced that carriers were notified immediately once the restrictions ended, enabling them to update schedules and restart operations. Major airlines—including United, American, and Delta—began preparing flights to Puerto Rico and other Caribbean destinations as early as Saturday night.

The temporary shutdown was triggered by U.S. airstrikes in and around Caracas during a pre‑dawn raid in which special forces seized Maduro and his wife. Both were transported to New York City, where they now face drug‑trafficking and weapons charges.

While flights are resuming, officials cautioned that it may take several days for full schedules to normalize due to the scale of earlier cancellations. International carriers across Europe and South America were also affected by the sudden closure.


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