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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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Russia Awaits Clarity on US-Ukraine Ceasefire Proposal

Russia has expressed caution as it awaits further details on a proposed 30-day ceasefire agreement between the United States and Ukraine. The deal, reached during talks in Saudi Arabia, includes a temporary halt to hostilities along the entire front line, as well as the cessation of missile, drone, and bomb attacks. The agreement also outlines provisions for the release of prisoners and the return of Ukrainian children relocated to Russia.

The United States has resumed military aid and intelligence sharing with Ukraine, signaling its commitment to the ceasefire plan. However, the proposal hinges on Russia's acceptance, with U.S. officials emphasizing that Moscow's cooperation is essential for achieving peace.

While Ukrainian President Volodymyr Zelenskyy has expressed readiness to support the ceasefire, Russian officials remain skeptical. Concerns have been raised about the lack of guarantees accompanying the proposal, with some viewing it as a potential trap that could weaken Russia's position.

The Kremlin has yet to issue an official response, but the international community watches closely as the possibility of a ceasefire brings a glimmer of hope for an end to the prolonged conflict.

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