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5 Things to Know Today: Job Losses, Rate-Hike Bets, Mortgage Hikes and $104 Oil (Oct. 11)

  Canadian Money Brief • Sunday, October 11, 2026 Happy Thanksgiving weekend. Canadian stock markets are closed Monday, but the money news isn't taking a break. Here are the five things that matter for your wallet before the week starts. 1. Canada lost 68,300 jobs in September Statistics Canada reported a second straight monthly drop (August was -41,700), well short of the gain economists expected. The unemployment rate edged up to 6.5% from 6.4%, and the economy has now shed a net 41,200 jobs so far in 2026, wiping out the year's earlier gains. Most of the damage was in the public sector, while the private sector held up. Wages for permanent employees rose 2.3% year over year. Markets reacted by trimming bets on a Bank of Canada rate hike at its Oct. 28 meeting to roughly 25%, down from about 40% before the report, according to LSEG data cited by The Canadian Press. What it means for you: A hike on Oct. 28 looks less likely, which is good news for variable-rate mortgage and H...
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U.S. Embassy in Kyiv Closes Amid Warnings of Significant Russian Air Attack

 

In a precautionary move, the U.S. Embassy in Kyiv has temporarily closed its doors following warnings of a potentially significant Russian air attack. The embassy issued a statement advising employees to shelter in place and recommended that U.S. citizens in Kyiv be prepared to take immediate shelter if an air alert is announced.

This closure comes amid heightened tensions after the U.S. authorized the use of longer-range missiles by Ukraine, which were reportedly used in a recent attack on a Russian weapons warehouse. The Kremlin has responded with threats of retaliation, further escalating the conflict that has already seen frequent missile and drone attacks on Ukrainian infrastructure.

The embassy’s warning is notable for its specificity, as air attacks have become a near-daily occurrence in Ukraine. However, the recent developments have added a new layer of urgency and caution to the situation.


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