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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 ...
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Fragile Ceasefire Shattered: Israeli Airstrike Claims Nine Lives in Gaza

An Israeli airstrike in northern Gaza's Beit Lahiya town has resulted in the deaths of at least nine Palestinians, including three local journalists, according to Gaza's health ministry. The strike targeted a vehicle, causing casualties both inside and outside the car. Several individuals were critically injured and rushed to nearby hospitals.

The incident comes amidst ongoing ceasefire negotiations between Hamas leaders and mediators in Cairo. The January ceasefire agreement, which had temporarily halted large-scale fighting, now appears increasingly fragile. Palestinian health officials report that dozens have been killed despite the truce, with both sides accusing each other of violations.

Hamas has condemned the airstrike as a "dangerous escalation" and a violation of international laws, urging mediators to pressure Israel into adhering to the ceasefire terms. Meanwhile, the Israeli military has yet to comment on the incident.

This tragic event underscores the volatility of the region and the challenges in achieving lasting peace.

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