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5 Things to Know Today: Job Losses, Rate-Hike Bets, Mortgage Hikes and $104 Oil (Oct. 11)

  Canadian Money Brief • Sunday, October 11, 2026 Happy Thanksgiving weekend. Canadian stock markets are closed Monday, but the money news isn't taking a break. Here are the five things that matter for your wallet before the week starts. 1. Canada lost 68,300 jobs in September Statistics Canada reported a second straight monthly drop (August was -41,700), well short of the gain economists expected. The unemployment rate edged up to 6.5% from 6.4%, and the economy has now shed a net 41,200 jobs so far in 2026, wiping out the year's earlier gains. Most of the damage was in the public sector, while the private sector held up. Wages for permanent employees rose 2.3% year over year. Markets reacted by trimming bets on a Bank of Canada rate hike at its Oct. 28 meeting to roughly 25%, down from about 40% before the report, according to LSEG data cited by The Canadian Press. What it means for you: A hike on Oct. 28 looks less likely, which is good news for variable-rate mortgage and H...
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Israeli Airstrike in Southern Gaza Leaves 71 Dead

 

In a devastating attack on the southern Gaza Strip, at least 71 people lost their lives, according to the Gaza Health Ministry. The strike, which occurred in the Khan Younis area, also left 289 others injured. Many of the injured and deceased were taken to the nearby Nasser Hospital.

The Israeli official identified the target of the strike as Mohammed Deif, believed to be the chief architect of an earlier attack that killed around 1,200 people in southern Israel. Deif has long been on Israel’s most-wanted list and has reportedly escaped multiple assassination attempts in the past. Rafa Salama, another top Hamas official, was also targeted in the strike, though details on their fate remain unclear.

This tragic incident adds tension to ongoing talks between U.S., Egyptian, and Qatari mediators, who are working to narrow gaps between Israel and Hamas regarding a proposed three-phase cease-fire and hostage release plan in Gaza. The potential killing or injury of any senior Hamas official threatens to derail these delicate negotiations. 

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