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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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Major IT Outage Disrupts Key Services Across Canada


A significant IT outage has caused widespread disruptions across Canada, affecting airports, banks, border crossings, and hospitals. The issue originated from a faulty update deployed by cybersecurity firm CrowdStrike, impacting computers running Microsoft Windows.

Airports: The outage led to numerous flight cancellations and delays, particularly affecting U.S.-based carriers like United Airlines and American Airlines. Porter Airlines, operating within Canada and to some U.S. locations, also experienced significant disruptions.

Banks: TD Bank and other financial institutions faced operational challenges, causing inconvenience to customers and delays in transactions.

Border Crossings: The Canada Border Services Agency (CBSA) reported partial outages in its telephone reporting system, primarily affecting small aircraft passengers and boaters. Long delays were noted at major border crossings, including the Ambassador Bridge and the Detroit-Windsor tunnel.

Hospitals: Health care networks in British Columbia and other regions experienced disruptions, affecting their computer systems and networks.

CrowdStrike has acknowledged the issue, stating that it was not a security incident or cyberattack. Efforts are underway to restore normal operations, but the impacts are expected to linger for several days.


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