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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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Project 2025: Shaping America’s Future

 

As the 2024 U.S. presidential election looms, a lesser-known initiative called Project 2025 has emerged on the political landscape. Let’s delve into what it is and why it matters.

  1. What Is Project 2025?

    • Project 2025, also known as the Presidential Transition Project, is a strategic effort led by the conservative think tank The Heritage Foundation. Its mission? To prepare for a potential Republican victory in the 2024 election.
    • Essentially, Project 2025 serves as a government-in-waiting, ready to step into action if a conservative candidate—such as former President Donald Trump—takes office on January 20, 2025.

  2. Four Pillars of Project 2025:

    • Policy Agenda: Drawing from the expertise of the entire conservative movement, Project 2025 aims to create a comprehensive policy guide for the incoming administration. Specific proposals will address major issues facing the country.
    • Personnel Database: Having the right people in place is crucial. The project casts a wide net to identify conservatives from various backgrounds who can serve in key roles within the next conservative administration.
    • Training: To transform this talent pool into effective administrators, Project 2025 provides workshops, seminars, online videos, and mentorship. Experienced experts share their knowledge to prepare future leaders.
    • 180-Day Playbook: With a sense of urgency, the project develops a playbook for the first 180 days of the new administration. Its goal? To swiftly address the impact of left-leaning policies on Americans.

  3. Why It Matters:

    • Project 2025 isn’t just theoretical; it’s a practical effort to reshape the federal government. Whether or not it becomes reality depends on the election outcome, but its influence could be significant.
    • As voters tune in to the presidential debate, they should keep an eye on how candidates align with or diverge from the principles outlined by Project 2025. It’s a glimpse into the potential future of governance in America.


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