The Globe and Mail reports in its Friday, Oct. 24, edition that the latest inflation report from Statistics Canada exceeded expectations, yet it has not impacted predictions that the Bank of Canada will cut interest rates next week. An unbylined item in The Globe reports that the Consumer Price Index increased by 2.4 per cent year-over-year in September, up from August's 1.9 per cent and exceeding analysts' expectations by 0.2 percentage points. Markets are pricing in an 87-per-cent chance of a 25-basis-point cut by the Bank of Canada on Oct. 29, which would lower the headline rate to 2.25 per cent and offer relief to homeowners with variable-rate mortgages. NerdWallet financial expert Shannon Terrell says Canada's stuttering job market and high unemployment levels are partly why higher inflation is not enough for the BOC to hold rates. Ms. Terrell says, "Canadian businesses need an unobstructed on-ramp to bolster confidence, and a brake-pumping rate hold could stall the engine." She adds that a rate cut in October was unlikely to spur much more action in the real estate market. The Globe sources its mortgage rates from Ratehub.ca.