Skip to main content

Featured

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 ...
Post a Comment
Read more

article

Labels

Iran and Hezbollah Reinforce Assad Amid Rebel Offensive in Homs

As rebel forces intensify their offensive towards the strategic city of Homs, Iran and Hezbollah are stepping up their support for Syrian President Bashar al-Assad. The recent surge in rebel activity has prompted thousands of residents to flee Homs, fearing the escalating conflict.

Iran has pledged to send additional military equipment, including missiles and drones, along with more advisers to bolster Assad's regime. Hezbollah, the Lebanese militant group backed by Iran, has also dispatched supervising forces to Syria to assist in preventing anti-government fighters from seizing Homs.

The city of Homs holds significant strategic importance as it connects the capital Damascus to the coast, a stronghold of Assad's Alawite sect. Losing Homs would sever this crucial link and deal a severe blow to Assad's control over the region.

Rebels, led by the Islamist faction Hayat Tahrir al-Sham (HTS), have vowed to continue their advance, aiming to "build Syria" and bring Syrian refugees back home from Lebanon and Europe. The offensive has already seen the capture of key cities such as Aleppo and Hama, further challenging Assad's rule.

The international community watches closely as the situation in Homs unfolds, with humanitarian concerns mounting as civilians bear the brunt of the conflict. The United Nations has called for immediate humanitarian access to all civilians in need and a return to a political process to end the bloodshed.

As the conflict continues, the geopolitical stakes remain high, with Iran and Hezbollah's support for Assad underscoring the complex web of rivalries and foreign interventions that perpetuate Syria's turmoil.




Labels:

Comments

Post a Comment