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5 Things to Know Today: Jobs Report, Gas Tax Reprieve and a BoC Rate-Hike Warning

  Friday, September 4, 2026 It's a loaded Friday: a jobs report lands on both sides of the border this morning, Ottawa just quietly gave drivers several extra months of relief at the pump, and the Bank of Canada's governor put rate hikes back on the table. Here's what matters for your wallet. 1. Jobs day, on both sides of the border Statistics Canada releases its August Labour Force Survey this morning, alongside the U.S. jobs report, in one of the more closely watched data double-headers of the year. Economists polled by Reuters expect Canada added about 15,000 jobs in August, with unemployment holding at 6.4% - the two-year low set in July, when the economy surprised everyone with a 75,000-job jump. A soft number would reinforce bets that the Bank of Canada stays cautious into the fall; a strong one adds fuel to the rate-hike talk already coming out of Ottawa (see #3). What it means for you: If you're job hunting or watching mortgage rates, this print matters more th...
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Egypt Proposes Ceasefire Amid Escalating Gaza Conflict

Egypt has stepped forward with a new truce proposal aimed at restoring peace in Gaza, following a surge in violence that has claimed the lives of at least 65 Palestinians in the past 24 hours. The escalation began after Israel resumed air and ground operations against Hamas, effectively ending a two-month period of relative calm.

The Egyptian plan reportedly includes a phased approach, with Hamas releasing five Israeli hostages each week. In return, Israel would implement the second phase of the ceasefire after the first week. The proposal also outlines a timeline for Israel's full withdrawal from Gaza, backed by U.S. guarantees.

While both Hamas and the U.S. have expressed tentative agreement to the proposal, Israel has yet to respond. The situation remains dire, with nearly 700 Palestinians reported killed since the resumption of hostilities, including many women and children. Humanitarian agencies have raised alarms over the worsening conditions in Gaza, where thousands are displaced and essential supplies are running critically low.

This latest effort by Egypt underscores the urgent need for a resolution to the ongoing conflict, as the region faces a mounting humanitarian crisis.

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