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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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Turbulent Times: The Middle East After Raisi’s Tragic Demise

 


The recent death of Iran’s president, Ebrahim Raisi, in a helicopter crash on a remote mountainside adds to the already fraught situation in the Middle East. Here are some key points to consider:

  1. Israel-Hamas Conflict: Israel’s war against Hamas has escalated tensions across the region. The humanitarian catastrophe in Gaza over the last seven months has drawn global attention and condemnation. This conflict has also brought the longstanding shadow war between Iran and Israel into the open.

  2. Proxy War: While direct strikes between Iran and Israel have temporarily ceased, the proxy war continues. Iran-backed militias like Hamas and Hezbollah continue to engage in hostilities with Israel’s forces.

  3. Domestic Unrest in Iran: Iran’s hardline leadership faces challenges at home. Recent popular dissent, triggered by years of US-led sanctions and worsened economic conditions, has led to demonstrations against clerical rule. Human rights violations have been reported, and opposition to religious leadership remains entrenched among many Iranians, especially the youth.

  4. Raisi’s Presidency: Ebrahim Raisi, a former hardline judiciary chief, was elected president in 2021. His victory signaled a shift toward a harder-line era in Iran. However, voter turnout was low, reflecting discontent with the political elite’s engineered election process.

  5. War Crimes Warrants: The International Criminal Court (ICC) is seeking war crimes warrants for Hamas leader Yahya Sinwar and Israeli Prime Minister Benjamin Netanyahu. These warrants relate to attacks on Israel and subsequent events.

In summary, the Middle East faces complex challenges, including ongoing conflicts, domestic unrest, and international legal scrutiny. The death of Iran’s president adds another layer of uncertainty to an 

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