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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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Wall Street Pulls Back as Investors Weigh Potential Fed Shift

 



U.S. stock futures slipped as traders assessed the market impact of former Federal Reserve Governor Kevin Warsh emerging as President Donald Trump’s preferred pick to lead the central bank. The possibility of a policy shift under new leadership added a layer of uncertainty to an already sensitive market environment.

Market Movement

  • Dow futures edged lower, reflecting broad investor caution.
  • S&P 500 futures also dipped, signaling a softer open for large‑cap equities.
  • Nasdaq futures fell more sharply as tech stocks continued to face pressure.

Why Warsh’s Name Matters

Warsh has long been viewed as more hawkish than recent Fed leadership, though he has recently echoed Trump’s calls for rate cuts. That combination — a history of tighter policy paired with openness to easing — leaves investors unsure how he might steer the Fed at a time when markets crave clarity.

The Broader Mood

With economic data mixed and geopolitical tensions simmering, traders are reacting quickly to any hint of change at the central bank. Warsh’s potential nomination adds another variable to a market already navigating shifting expectations.


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