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5 Things to Know Today: 68,300 Jobs Lost, Loonie at 18-Month Low, BoC Hike Odds Fade

  CANADIAN MONEY BRIEF | SATURDAY, OCTOBER 10, 2026 Canada's job losses pile up, the loonie slides to an 18-month low and the Bank of Canada's rate-hike case weakens. Here's what matters for your wallet this long weekend. 1 Canada lost 68,300 jobs in September Statistics Canada reported 68,300 fewer jobs in September, far worse than the roughly 9,200 gain economists polled by Reuters expected. The unemployment rate rose to 6.5% from 6.4%. It follows a 41,700 drop in August, which means Canada has now lost a net 41,200 jobs in 2026 (versus a gain of 211,300 at this point last year). Education plus health care and social assistance lost 58,400 jobs, manufacturing fell by 12,700 and youth employment (ages 15 to 24) dropped by 48,000. The participation rate slid to 64.8%, its lowest in 29 years outside the pandemic. What it means for you: Average hourly wages for permanent employees rose 2.3% year over year, which is slower than August inflation of 3.0%. If your pay isn'...
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Important Items for Canadian Taxpayers to Consider Before Filing Their 2023 Tax Return

 

Here are some important items that Canadian taxpayers should consider before filing their 2023 tax return:

  1. Filing and payment deadlines: The deadline for most Canadians to file their 2023 tax return is April 30, 2023. If you or your spouse or common-law partner are self-employed, you have until June 15, 2023, to file on time. If you have a balance owing, your payment is due on April 30, 2023. Filing your return before the respective deadline will allow you to avoid interruptions to any benefit or credit payments you may be entitled to.

  2. Register for direct deposit and file online: You can register for direct deposit and file online to get any refund you may be eligible for faster. To file online, the CRA has a list of certified tax software products that are easy to use, fast, and secure, some of which are free! When you file using NETFILE-certified software, you may be able to use: Auto-fill my return and Express NOA. 

  3. Get free tax help: If you have a modest income and a simple tax situation, volunteers at a free tax clinic may be able to do your taxes for you.

  4. New tax changes: There are several new tax changes that Canadian taxpayers should be aware of when filing their 2023 tax return. Some of the most important changes include an increase in unpaid tax penalty, expiration of COVID-19 benefits, introduction of a new grocery rebate, and changes to Disability Tax Credit.


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