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5 Things to Know Today: Job Losses, a Sliding Loonie and Budget 2026 (Nov. 7)

  Canadian Money Brief · Saturday, November 7, 2026 Canada’s job losses stretched to a third month, the loonie took its biggest one-day hit since January, and the federal budget landed with a few items for your wallet. Here’s what to know today. 1 Canada’s job market has now lost jobs three months in a row Statistics Canada said the economy shed 4,700 jobs in October, well short of the gain of about 13,600 economists expected. The unemployment rate rose to 6.7% from 6.5%, a six-month high. That follows losses of 42,000 in August and 68,000 in September, and the country has added just 17,000 jobs over the past 12 months. Alberta lost 24,000 jobs, youth unemployment climbed to 13.7%, and average hourly wages were up only 2.2% from a year earlier. What it means for you: Wages are rising 2.2% a year while September inflation was 3.1%, so paycheques are losing ground. If your income feels less certain, this is a good week to check that your emergency fund covers three to six months of ...
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Israel Strikes Hezbollah Targets in Eastern Lebanon After Drone Incident



Israel has escalated its military response in eastern Lebanon following an incident where Hezbollah shot down an Israeli drone. Tensions between the two sides have been mounting, and this recent exchange of fire adds to the regional instability.

On Sunday, April 7, 2024, Hezbollah, an Iran-backed armed group, downed an Israeli unmanned aerial vehicle (UAV) over Lebanese airspace. The drone in question was identified as the Israeli-made Hermes 900. In retaliation, Israel launched air strikes on Hezbollah infrastructure sites in eastern Lebanon.

The Israeli Defense Forces (IDF) reported that fighter jets targeted a military complex and three other infrastructure sites belonging to Hezbollah in the city of Baalbek. These strikes were a direct response to the UAV incident. Fortunately, there were no reported casualties from the attacks.

Hezbollah and Israel have been engaged in cross-border skirmishes since October 8, 2023. The conflict intensified after Hamas, a Palestinian group, launched an attack on Israel, leading to a war in Gaza. As a result, both sides have continued to trade fire, resulting in casualties and displacement of civilians.

While the U.S. and other countries advocate for a diplomatic resolution, the situation remains volatile. Hezbollah has stated that it will not cease fire until a ceasefire is implemented in Gaza. As the conflict persists, the international community closely monitors developments in the region.

In summary, the recent strikes in eastern Lebanon underscore the ongoing tensions between Israel and Hezbollah. As both sides remain entrenched, efforts to find a peaceful resolution continue amidst the backdrop of regional instability.


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