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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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Naim Qassem Elected as New Hezbollah Leader Following Nasrallah’s Death

 

In a significant leadership change, Hezbollah has elected Naim Qassem as its new leader following the death of Hassan Nasrallah. Nasrallah, who led the group for nearly three decades, was killed in an Israeli airstrike on Beirut’s southern suburb last month.

Qassem, who has served as Hezbollah’s deputy head for many years, was chosen by the group’s Shura Council. His appointment marks a pivotal moment for Hezbollah as it navigates ongoing regional tensions and internal challenges. In his acceptance speech, Qassem emphasized the group’s resilience and commitment to its cause, vowing to continue Nasrallah’s legacy.

The election of Qassem is expected to influence Hezbollah’s strategic direction and its stance in the broader Middle Eastern geopolitical landscape.


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