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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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Escalation in the Middle East: Hezbollah and Israel Exchange Fire

In a significant escalation of violence, Hezbollah launched dozens of rockets into northern Israel, resulting in multiple casualties and widespread damage. The Israeli military reported that the rockets, along with several drones, targeted various locations, including a drone aimed at Prime Minister Benjamin Netanyahu’s holiday home. This attack led to the death of one person and injuries to several others.

In response, Israel intensified its airstrikes on Gaza, targeting key infrastructure and militant positions. The strikes have resulted in numerous casualties, including civilians, and have further strained the already tense situation in the region. The conflict has seen a significant increase in hostilities, with both sides suffering losses and the civilian population bearing the brunt of the violence.

The international community has called for restraint and a ceasefire to prevent further escalation and to protect civilian lives. However, with both sides entrenched in their positions, a peaceful resolution seems elusive at this time.


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