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5 Things to Know Today: Job Losses, a Sliding Loonie and Budget 2026 (Nov. 7)

  Canadian Money Brief · Saturday, November 7, 2026 Canada’s job losses stretched to a third month, the loonie took its biggest one-day hit since January, and the federal budget landed with a few items for your wallet. Here’s what to know today. 1 Canada’s job market has now lost jobs three months in a row Statistics Canada said the economy shed 4,700 jobs in October, well short of the gain of about 13,600 economists expected. The unemployment rate rose to 6.7% from 6.5%, a six-month high. That follows losses of 42,000 in August and 68,000 in September, and the country has added just 17,000 jobs over the past 12 months. Alberta lost 24,000 jobs, youth unemployment climbed to 13.7%, and average hourly wages were up only 2.2% from a year earlier. What it means for you: Wages are rising 2.2% a year while September inflation was 3.1%, so paycheques are losing ground. If your income feels less certain, this is a good week to check that your emergency fund covers three to six months of ...
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Mpox Emerges as Global Health Crisis: Africa Declares Emergency

 

In a concerning development, the World Health Organization (WHO) has declared mpox a public health emergency of international concern for the second time. This decision comes on the heels of a similar continental emergency declaration by African health officials. The virus, known for causing painful, pus-filled lesions and severe illness, first gained global attention in 2022. Although case counts cooled down after widespread vaccination efforts, this year presents a more grim situation.

Across 18 African nations, thousands of infections have been reported, with a highly-transmissible variant spreading beyond the borders of the Democratic Republic of Congo (DRC). Even vulnerable newborns are falling ill in overcrowded hospitals. The lack of necessary vaccines and therapeutics in hotspots exacerbates the crisis. Year-to-date, Africa has seen over 15,000 mpox cases and nearly 500 deaths, representing a 160% increase compared to 2023.

Toronto, too, faces a resurgence of mpox cases. Officials urgently advise at-risk residents to get vaccinated. Africa’s Centers for Disease Control and Prevention (Africa CDC) estimates a need for 10 million mpox vaccine doses, but the continent has procured only 200,000 doses so far. Coordinated international efforts are crucial to halt these outbreaks and save lives.

Stay informed, stay vigilant, and prioritize vaccination to combat this global health crisis.


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