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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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Former Norwegian PM Thorbjørn Jagland Hospitalised Amid Intensifying Epstein-Linked Corruption Probe

 

                                            Norwegian Nobel Committee Chairman Thorbjoern Jagland

Former Norwegian Prime Minister Thorbjørn Jagland has been hospitalised following what multiple media outlets describe as an apparent suicide attempt, occurring just days after he was formally charged with aggravated or gross corruption connected to his past ties with the late financier Jeffrey Epstein. Reports from Norwegian and international outlets indicate that Jagland, 75, was admitted to an undisclosed medical facility, where his condition is described as serious. 

Authorities in Norway recently launched a corruption investigation after documents from the U.S. Justice Department suggested that Jagland and members of his family had visited Epstein’s properties between 2011 and 2018. Police also searched Jagland’s properties as part of the probe. 

Jagland, a former Nobel Peace Prize Committee chair and Secretary General of the Council of Europe, has not publicly commented since the charges were announced. Media reports note that details surrounding his medical treatment remain undisclosed, and officials have not confirmed further 

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