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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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Beirut Under Siege: Israel’s Expanded Campaign Hits Hard

 

The Lebanese capital, Beirut, has been rocked by heavy airstrikes as Israel expands its military campaign in Lebanon. The strikes have primarily targeted the southern suburbs of Beirut, an area known to be a stronghold of Hezbollah.

Since Friday, Israeli forces have intensified their bombardment, making it difficult for rescue workers to access affected areas. The strikes have caused significant damage and heightened tensions in the region. Lebanese security sources report that the ongoing attacks have hampered efforts to search for survivors and provide aid to those affected.

The Israeli Defense Forces (IDF) have stated that their operations are aimed at neutralizing Hezbollah targets, which they claim are embedded within civilian areas. This escalation follows a series of cross-border incidents and rising hostilities between Israel and Hezbollah.

The international community has expressed concern over the increasing violence and its potential to destabilize the region further. Calls for a ceasefire and diplomatic resolution have been growing louder as the situation continues to unfold.


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