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5 Things to Know Today: Job Losses, Rate-Hike Bets, Mortgage Hikes and $104 Oil (Oct. 11)

  Canadian Money Brief • Sunday, October 11, 2026 Happy Thanksgiving weekend. Canadian stock markets are closed Monday, but the money news isn't taking a break. Here are the five things that matter for your wallet before the week starts. 1. Canada lost 68,300 jobs in September Statistics Canada reported a second straight monthly drop (August was -41,700), well short of the gain economists expected. The unemployment rate edged up to 6.5% from 6.4%, and the economy has now shed a net 41,200 jobs so far in 2026, wiping out the year's earlier gains. Most of the damage was in the public sector, while the private sector held up. Wages for permanent employees rose 2.3% year over year. Markets reacted by trimming bets on a Bank of Canada rate hike at its Oct. 28 meeting to roughly 25%, down from about 40% before the report, according to LSEG data cited by The Canadian Press. What it means for you: A hike on Oct. 28 looks less likely, which is good news for variable-rate mortgage and H...
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Kremlin Criticizes U.S.-Proposed Ceasefire as Favoring Ukraine

A senior Kremlin official has expressed skepticism over a U.S.-proposed 30-day ceasefire in the ongoing conflict between Russia and Ukraine. Yuri Ushakov, a top foreign policy aide to Russian President Vladimir Putin, stated that the ceasefire would merely provide a temporary respite for Ukraine's military forces. Speaking to state television, Ushakov emphasized that Russia seeks a long-term peaceful settlement that addresses its strategic concerns and interests.

The proposal, endorsed by Ukraine, has been presented as a step toward de-escalating the three-year conflict. However, Ushakov criticized the initiative, suggesting it could be a tactical move to bolster Ukraine's military preparedness. The Kremlin has indicated that it requires more detailed information from the U.S. before taking a definitive stance on the matter.

The ceasefire proposal comes amid intensified diplomatic efforts by the U.S., with President Donald Trump urging both sides to consider the plan as a pathway to broader peace negotiations. While Ukraine has signaled its willingness to support the truce, Russia's response remains uncertain, with officials reiterating their focus on achieving a comprehensive and lasting resolution to the conflict.

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