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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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Desperation in Gaza: Hunger Crisis Deepens Amid Looting

The Gaza Strip is witnessing a growing hunger crisis, marked by increased looting of food stores and community kitchens. Aid officials report that desperation has surged two months after Israel imposed a blockade on medical, fuel, and food supplies. At least five incidents of looting were recorded recently, including thefts at community kitchens, merchants' stores, and the UN Palestinian refugee agency's main complex.

The looting reflects the dire situation in Gaza, where hunger and hopelessness are spreading rapidly. Community kitchens, which have been lifelines for hundreds of thousands of Palestinians, are now at risk of closure due to dwindling supplies and looting. Acute malnutrition among children is worsening, with thousands of cases identified, including severe instances.

The blockade, enforced since March 2, has led to skyrocketing food prices and shortages of essential items. Aid organizations warn that the situation is reaching unprecedented levels, with humanitarian efforts hindered by operational and security constraints.

The crisis underscores the urgent need for international intervention to address the humanitarian catastrophe unfolding in Gaza.

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