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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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Anant Ambani’s Extravagant Wedding Captivates the World

 

The opulent wedding of Anant Ambani, the youngest son of Asia’s wealthiest man, Mukesh Ambani, has captured global attention. Held at the Ambani-owned Jio World Convention Centre in Mumbai, the event was nothing short of spectacular. Here are the highlights:

  1. Celebrity Guest List: The guest list read like a who’s who of the world’s elite. Reality TV star Kim Kardashian, professional wrestler and Hollywood actor John Cena, and former British Prime Minister Tony Blair were among the attendees.

  2. Staggering Wealth: The wedding showcased the Ambani family’s immense wealth. More than 100 private planes ferried guests to and from India, emphasizing the scale of the celebration.

  3. Months of Festivities: The wedding was the culmination of months of festivities. Pop stars Rihanna and Justin Bieber performed at various pre-wedding events, adding to the glamour.

  4. Family Unity: Billionaire Mukesh Ambani stood proudly with his family—wife Nita, daughter Isha, and sons Akash and Anant—as they celebrated Anant’s union with Radhika Merchant.

In summary, Anant Ambani’s wedding was a dazzling affair that left the world in awe. 

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