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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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Russia's Missile Barrage Forces Power Grid Shutdown in Ukraine

 


In a significant escalation of hostilities, Russia launched a major ballistic and cruise missile attack on regions across Ukraine on Wednesday. The assault targeted critical energy infrastructure, compelling Ukrainian authorities to shut down the power grid in several areas despite the freezing winter weather.

The Russian Defense Ministry claimed responsibility for the strike, stating that it aimed at "critically important facilities of gas and energy infrastructure that ensure the functioning of Ukraine’s military industrial complex". The barrage included 43 missiles and 74 drones, with Ukrainian air defenses managing to shoot down 30 missiles and 47 drones.

The attack spanned from the Lviv region in western Ukraine to Kharkiv in the northeast, causing emergency power outages in six regions. Ukrainian Energy Minister Herman Halushchenko condemned the attack, describing it as an ongoing effort by Russia to terrorize Ukrainians and disrupt the nation's energy grid.

Ukrainian President Volodymyr Zelenskyy urged Western partners to accelerate the delivery of promised air defense weapons, emphasizing the need to protect Ukraine's energy infrastructure during the harsh winter months. The attack has further strained Ukraine's already eroded power generation capacity, with efforts to rebuild ongoing despite the relentless assaults.

The nearly three-year war has seen long-range attacks become a feature of the conflict, with both sides engaged in a war of attrition along a front line stretching about 1,000 kilometers from northeast to southern Ukraine. As the conflict continues, the resilience of the Ukrainian people and the support of international allies remain crucial in the face of ongoing aggression.



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