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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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Aid Blockade Intensifies Ceasefire Standoff Between Israel and Hamas

In a significant escalation of tensions, Israel has halted the entry of all goods and supplies into the Gaza Strip, aiming to pressure Hamas into accepting a new ceasefire proposal. This move comes as the first phase of a fragile ceasefire expired, leaving both sides at an impasse over the terms of a potential extension.

The Israeli government, in coordination with U.S. Mideast envoy Steve Witkoff, proposed extending the ceasefire through Ramadan and Passover, which end on April 20. Under this plan, Hamas would release half of the remaining hostages on the first day, with the rest to follow upon reaching a permanent ceasefire agreement. However, Hamas has accused Israel of violating the truce and using aid as leverage, calling the blockade "cheap extortion" and a "war crime".

The first phase of the ceasefire, which began in January, saw a surge in humanitarian aid and the release of hostages on both sides. Yet, disputes over alleged violations marred the truce, with each side blaming the other for breaches. The blockade now threatens to exacerbate the humanitarian crisis in Gaza, where the population heavily relies on international aid for survival.

As negotiations stall, the international community watches closely, urging both parties to find a resolution that prioritizes peace and humanitarian needs. The situation remains precarious, with the potential for further escalation if an agreement is not reached soon.

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