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5 Things to Know Today: 68,300 Jobs Lost, Loonie at 18-Month Low, BoC Hike Odds Fade

  CANADIAN MONEY BRIEF | SATURDAY, OCTOBER 10, 2026 Canada's job losses pile up, the loonie slides to an 18-month low and the Bank of Canada's rate-hike case weakens. Here's what matters for your wallet this long weekend. 1 Canada lost 68,300 jobs in September Statistics Canada reported 68,300 fewer jobs in September, far worse than the roughly 9,200 gain economists polled by Reuters expected. The unemployment rate rose to 6.5% from 6.4%. It follows a 41,700 drop in August, which means Canada has now lost a net 41,200 jobs in 2026 (versus a gain of 211,300 at this point last year). Education plus health care and social assistance lost 58,400 jobs, manufacturing fell by 12,700 and youth employment (ages 15 to 24) dropped by 48,000. The participation rate slid to 64.8%, its lowest in 29 years outside the pandemic. What it means for you: Average hourly wages for permanent employees rose 2.3% year over year, which is slower than August inflation of 3.0%. If your pay isn'...
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Global Trade in Flux: Nations Scramble to Negotiate Trump's Tariffs


The Trump administration has revealed that over 50 countries have approached the White House to discuss the sweeping tariffs announced earlier this month. These tariffs, set to take effect on Wednesday, have sparked global economic uncertainty and fears of a recession. 

Treasury Secretary Scott Bessent emphasized that resolving unfair trade practices would require time and credible offers from affected nations. Meanwhile, President Trump remains steadfast, urging Americans to "hang tough" as he pursues his vision of economic realignment. 

Countries like Vietnam and Israel are actively seeking negotiations, with Vietnam proposing to eliminate tariffs on U.S. goods in exchange for concessions. Allies and adversaries alike are grappling with the implications of these tariffs, which have disrupted financial markets and strained international relations. 

The administration's move has drawn mixed reactions, with some praising the bold stance on trade and others warning of inflationary pressures and potential economic fallout. As nations scramble to respond, the global trading system faces a pivotal moment of transformation.

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