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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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Trump Administration Reverses Controversial Visa Terminations

 

The Trump administration has reversed its abrupt decision to terminate the legal status of thousands of foreign students studying in the United States. This move follows intense scrutiny from courts and over 100 lawsuits filed by affected students. The terminations, which were linked to minor infractions or unclear reasons, had left many students fearing deportation and unable to continue their studies.

The Justice Department announced the reversal in federal court, stating that Immigration and Customs Enforcement (ICE) is developing a new policy for reviewing and terminating student visa records. Until this policy is finalized, the records of affected students will remain active or be reactivated. However, ICE retains the authority to terminate records for other reasons, such as unlawful activity.

This decision has brought relief to many students and universities, but uncertainty remains about the long-term implications and the scope of the reversal. The administration's initial move had sparked widespread panic and disrupted the lives of countless students, highlighting the challenges of navigating immigration policies in the U.S..

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