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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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Tensions Escalate in Gaza Amid Ceasefire Uncertainty

 

In a tragic turn of events, Israeli fire has claimed the lives of at least two individuals in Gaza, further intensifying fears that the fragile ceasefire between Israel and Hamas could collapse. The incident occurred in Rafah, with additional injuries reported in Khan Younis, located in the southern region of Gaza.

The ceasefire, which began in January, recently reached a critical juncture as its first phase concluded without a clear agreement on the next steps. Hamas has called for the initiation of a second phase, which would involve a permanent Israeli withdrawal and an end to the ongoing conflict. However, Israel has proposed a temporary extension of the truce, contingent on the release of hostages in exchange for Palestinian detainees.

Adding to the tension, Israel has imposed a total blockade on Gaza, halting the supply of essential goods such as food and fuel. This has left the 2.3 million residents of Gaza in dire straits, with skyrocketing prices and dwindling resources. The blockade has also led to heightened fears of renewed violence, as Israeli tanks and artillery have intensified their presence along Gaza's borders.

The international community is closely monitoring the situation, with mediators urging both sides to find a resolution. However, the path forward remains uncertain, as both Israel and Hamas hold firm to their respective demands.

This latest escalation underscores the precarious nature of the ceasefire and the urgent need for a sustainable solution to the long-standing conflict.

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