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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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Europe at a Crossroads: Trump’s Stark Warning in Davos

                                    A lit up sign put up over Davos ahead of President Trumps arrival

At the World Economic Forum in Davos, President Donald Trump delivered a pointed critique of Europe’s current trajectory, arguing that the continent is “heading in the wrong direction.” His remarks added a sharper edge to a summit already defined by global uncertainty and competing visions for the future.

Trump’s comments focused on what he described as Europe’s economic stagnation, political fragmentation, and policy choices around migration and energy. He suggested that these decisions were weakening Europe’s long‑term stability and diminishing its global influence. Framing the issue in broader terms, he emphasized that global prosperity is closely tied to American economic strength, asserting that a strong United States remains essential for worldwide growth.

European leaders, speaking throughout the forum, offered a contrasting message. Many highlighted new trade initiatives, climate‑driven economic reforms, and efforts to strengthen strategic autonomy — signaling a desire to chart a more independent path on the world stage.

The exchange underscored a widening philosophical divide: Europe leaning into multilateral cooperation and long‑term transformation, and Trump reaffirming a more nationalist, America‑first approach. As the Davos discussions continue, the question looming over the Alpine gathering is whether these diverging visions can be reconciled or whether the transatlantic rift will deepen.


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