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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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Montreal Anti-NATO Protest Turns Violent, Three Arrested

 

A demonstration against NATO in Montreal escalated into violence on Thursday, leading to the arrest of three individuals. Protesters, rallying against Canada’s involvement in the military alliance, clashed with police in the downtown area after the initially peaceful march took a confrontational turn.

Authorities reported that some demonstrators threw projectiles and vandalized property, prompting police to deploy tear gas and disperse the crowd. "While most attendees were peaceful, a small group engaged in unlawful acts, forcing us to intervene," said a spokesperson for the Montreal Police.

The protest was organized by a coalition of anti-war groups criticizing NATO's role in global conflicts and demanding that Canada reduce its military spending. Activists have called for the government to redirect funds toward social programs and domestic priorities instead.

The arrested individuals face charges ranging from mischief to assaulting a peace officer. No serious injuries were reported, but tensions remain high as organizers plan to continue their demonstrations in the coming weeks.


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