Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

UK Authorizes Limited U.S. Use of Bases for Defensive Strikes on Iran

 

                                Starmer agrees to let US use British military bases for Iran strikes.


The UK has approved a U.S. request to use British military bases for what Prime Minister Keir Starmer describes as “specific and limited defensive” strikes against Iranian missile sites. This marks a significant shift in the UK’s position, as it had previously declined similar U.S. requests. 

Starmer emphasized that the UK will not participate in offensive operations and remains uninvolved in recent U.S.-Israeli strikes on Iran. Instead, the decision is framed around collective self‑defence and the protection of British and allied lives amid escalating regional tensions. He accused Iran of pursuing a “scorched-earth strategy” and highlighted the threat posed by missile launches and storage facilities targeted in the planned U.S. actions. 

Reports from multiple outlets note that the authorization aims to prevent further missile attacks across the region, with British personnel already stationed near potential hotspots. The move follows criticism from U.S. President Donald Trump, who expressed disappointment over the UK’s earlier hesitation but acknowledged the eventual approval for defensive use. 

The UK government has stated that a summary of its legal advice will be published, underscoring its position that the decision aligns with international law. As the situation develops, the approval signals a careful but notable deepening of UK-U.S. military cooperation during a volatile moment in Middle Eastern security dynamics.

Labels:

Comments

Post a Comment