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5 Things to Know Today: 68,000 Jobs Lost, a Weaker Loonie and the Oct. 28 BoC Decision

  Oct 12, 2026   Happy Thanksgiving. Canadian markets are closed today, but the numbers that shape your wallet aren't taking the day off. Here are five things to know on Monday, October 12. 1. Canada lost about 68,000 jobs in September, wiping out 2026's gains Statistics Canada reported that employment fell by roughly 68,000 in September, following a 41,700-job drop in August. The unemployment rate edged up to 6.5% from 6.4%. Economists had forecast a small gain. Put the two months together and Canada has lost about 41,200 jobs so far this year, compared with a gain of 211,300 over the same stretch of 2025, according to Reuters. The losses were spread almost evenly between full-time and part-time work and were concentrated in the public sector. Workers aged 15 to 24 lost 48,000 jobs, Quebec shed 49,000, and Ontario's unemployment rate sits at 7.0%, the highest among the large provinces. Average hourly wages were up 2.3% from a year ago. What it means for you: A softening j...

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10 Smart Grocery Shopping Hacks to Combat Inflation

10 Smart Grocery Shopping Hacks to Combat Inflation

1. Plan Your Meals and Make a List:

Creating a weekly meal plan and shopping list can significantly reduce impulsive purchases and ensure you only buy what you need. By knowing what ingredients you require, you'll avoid wasting money on items that might go unused or spoil before they can be consumed.


2. Shop with Coupons and Discounts:

Look out for coupons and discounts in newspapers, mobile apps, and online platforms. Many stores offer loyalty programs or reward cards that provide exclusive discounts to regular customers. Utilize these deals to save on your grocery bills.


3. Buy in Bulk for Non-Perishable Items:

For items with a long shelf life, such as canned goods, grains, and toiletries, consider buying in bulk. Purchasing larger quantities can often result in substantial savings per unit, lowering your overall grocery expenses.


4. Compare Prices and Brands:

Be a smart shopper by comparing prices and brands. Sometimes, store brands can be just as good as their more expensive counterparts. Additionally, exploring different stores for the best deals can help you find the most budget-friendly options.


woman holding cash in grocery store

5. Shop Seasonal and Local Produce:

Seasonal and locally sourced produce tends to be fresher and cheaper than items imported from afar. By choosing local options, you support the community and save on transportation costs, contributing to lower grocery expenses.


6. Opt for Frozen and Canned Fruits and Vegetables:

While fresh produce is desirable, frozen and canned alternatives are often more affordable and have a longer shelf life. These options are just as nutritious and can be incorporated into various recipes.


7. Avoid Shopping on an Empty Stomach:

Shopping while hungry can lead to impulsive and unnecessary purchases. Eat a light meal or snack before heading to the grocery store to maintain better control over your spending.


8. Join Wholesale Clubs:

Consider becoming a member of wholesale clubs, where you can find products in larger quantities at discounted prices. Splitting the cost and items with family or friends can help you save even more.


9. Embrace Meat Alternatives:

Meat can be a significant portion of your grocery bill. Experiment with plant-based protein options, such as legumes, tofu, or seitan, which are often more budget-friendly without compromising on nutrition.


10. Use Cashback Apps and Reward Programs:

Take advantage of cashback apps and reward programs that offer rebates or points for grocery purchases. Accumulate these rewards and use them to save on future grocery trips.




As inflation continues to impact our daily lives in 2023, employing these grocery shopping hacks can make a substantial difference in reducing your expenses. By planning ahead, being resourceful, and staying mindful of your purchases, you can weather the high-rising inflation and still provide your family with nutritious and satisfying meals without breaking the bank. Happy shopping!





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