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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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A Solemn Farewell: Pope Francis's Journey to St. Peter's Basilica

In a deeply moving ceremony, the body of Pope Francis was transported from his residence at the Santa Marta guesthouse to St. Peter's Basilica in Vatican City. The 88-year-old pontiff, who passed away two days ago, was carried in an open coffin by 14 pallbearers dressed in black suits and white gloves. The procession was accompanied by red-hatted cardinals, priests, and Swiss Guards, as a male choir chanted psalms and prayers in Latin.

Thousands of mourners gathered in St. Peter's Square, breaking into applause as the coffin passed—a traditional Italian gesture of respect. The bells of the basilica tolled solemnly, marking the end of Pope Francis's 12-year papacy, which was characterized by his progressive reforms and advocacy for inclusivity.

The late pope's body will lie in state at St. Peter's Basilica for three days, allowing the faithful to pay their respects before his funeral on Saturday. His final resting place will be the Basilica of Santa Maria Maggiore, reflecting his humble wishes for a simpler ceremony.

Pope Francis's legacy as a compassionate and reformative leader continues to resonate with Catholics and admirers worldwide.

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