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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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Alleged Collusion: Parliamentarians Face Accusations of Treason



In a recent report from the National Security and Intelligence Committee of Parliamentarians (NSICOP), shocking allegations have emerged. According to the report, sitting federal politicians are allegedly “witting” participants in foreign interference schemes. NDP Leader Jagmeet Singh minced no words, declaring these parliamentarians as “traitors to the country” for their alleged collaboration with foreign governments.

The report highlights several concerning actions by these politicians:

  1. Mobilizing Voters: Some parliamentarians are accused of working with foreign missions to mobilize voters during political campaigns.
  2. Financial Ties: Others allegedly accepted cash from foreign missions or their proxies, either knowingly or through willful blindness.
  3. Sharing Privileged Information: The report suggests that certain parliamentarians shared privileged information with foreign diplomatic officials.

While Green Party Leader Elizabeth May downplayed the report’s significance, Singh remains deeply concerned. He places the blame on the leadership of both Prime Minister Justin Trudeau and Conservative Leader Pierre Poilievre for failing to address the issue.

As the nation grapples with these serious allegations, the question remains: How will Canada respond to this breach of trust by its elected representatives? 

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