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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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U.S. Military Airdrops Meals into Gaza Amid Mass Hunger Crisis

 

In a desperate bid to alleviate the hunger crisis in the besieged Gaza Strip, the United States military has initiated airdrops of essential food supplies. The move comes as the region grapples with severe shortages and mounting humanitarian concerns.

U.S. military C-130 cargo planes executed the airdrop mission, delivering thousands of meals directly into Gaza. The operation aims to provide emergency assistance to the vulnerable population on the ground, where access to food and clean water has become increasingly scarce.

The situation in Gaza remains dire. More than 300,000 Palestinians are living in the northern part of the territory, facing acute shortages of basic necessities. The World Health Organization recently reported that children are dying from starvation, underscoring the urgency of humanitarian intervention.

The U.S. airdrop is part of a broader international effort. Countries including Jordan, Egypt, Qatar, the United Arab Emirates, and France have also conducted similar missions, dropping food and medical supplies over Gaza. Approximately 45 tonnes of aid were distributed across the northern and central regions of the Strip.

While airdrops provide a lifeline to those in need, they are not without controversy. Some experts argue that airdrops can be expensive, haphazard, and may not always reach the intended recipients. However, in the face of an escalating crisis, aid organizations and governments are exploring all available options to prevent further suffering.

As the world watches, the hope is that these airdrops will offer temporary relief to the hungry and desperate residents of Gaza. But the underlying issues—rooted in conflict, political instability, and humanitarian neglect—require sustained attention and comprehensive solutions.


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