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5 Things to Know Today: 68,000 Jobs Lost, a Weaker Loonie and the Oct. 28 BoC Decision

  Oct 12, 2026   Happy Thanksgiving. Canadian markets are closed today, but the numbers that shape your wallet aren't taking the day off. Here are five things to know on Monday, October 12. 1. Canada lost about 68,000 jobs in September, wiping out 2026's gains Statistics Canada reported that employment fell by roughly 68,000 in September, following a 41,700-job drop in August. The unemployment rate edged up to 6.5% from 6.4%. Economists had forecast a small gain. Put the two months together and Canada has lost about 41,200 jobs so far this year, compared with a gain of 211,300 over the same stretch of 2025, according to Reuters. The losses were spread almost evenly between full-time and part-time work and were concentrated in the public sector. Workers aged 15 to 24 lost 48,000 jobs, Quebec shed 49,000, and Ontario's unemployment rate sits at 7.0%, the highest among the large provinces. Average hourly wages were up 2.3% from a year ago. What it means for you: A softening j...
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Poland Thwarts Explosive Plot Targeting Canada and U.S.

 

Authorities in Poland have arrested four individuals in connection with an alleged plot to send explosives to Canada and the United States. The suspects were reportedly planning to use courier services to mail the dangerous materials, which were camouflaged to avoid detection.

The National Prosecutor’s Office in Poland revealed that the arrests were made following a detailed investigation into the group’s activities. The parcels, which contained explosives and other hazardous materials, were intercepted before they could be dispatched.

The Royal Canadian Mounted Police (RCMP) have acknowledged the arrests but have refrained from commenting further to maintain the integrity of the ongoing investigation. This incident highlights the importance of international cooperation in preventing acts of terrorism and ensuring public safety.

Authorities are continuing their investigation to determine the full extent of the plot and any additional individuals involved.


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