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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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Tropical Storm Debby Brings Deluge and Flooding Threat to Southeastern United States

 

Tropical Storm Debby, which made landfall in Florida as a Category 1 hurricane, is now moving northeast over Georgia, posing a major threat of flooding and storm surges for the southeastern United States. As of now, at least five deaths have been confirmed, including a 13-year-old boy from Gainesville, Florida, a 19-year-old man from southern Georgia, and a 64-year-old truck driver from Mississippi.

The storm is expected to produce potentially historic rainfall totals of 10 to 20 inches, with maximum amounts of up to 30 inches in some areas. The National Hurricane Center has issued warnings of “catastrophic flooding” across eastern Georgia, the coastal plain of South Carolina, and southeast North Carolina.

More than 150,000 customers in Florida, Georgia, and South Carolina are currently without power due to Debby’s impact. Additionally, authorities in Georgia’s Chatham County are closely monitoring low-lying areas likely to flood.

Stay safe and informed as this slow-moving storm continues to affect the region! 


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