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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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Trump's AI-Generated Pope Image Sparks Controversy Online

 

Former U.S. President Donald Trump has once again stirred debate after posting an AI-generated image of himself dressed as the Pope. The image, which first appeared on Trump's Truth Social account and was later shared by the official White House social media account, has drawn mixed reactions from the public and religious communities.

The timing of the post has added to the controversy, as it comes just days before the Vatican's conclave to elect a new Pope following the passing of Pope Francis. Many Catholics and religious leaders have criticized the image, calling it disrespectful and inappropriate during a period of mourning. The New York State Catholic Conference, which represents bishops in New York, condemned the post, stating, "There is nothing clever or funny about this image, Mr. President. We just buried our beloved Pope Francis and the cardinals are about to enter a solemn conclave to elect a new successor of St. Peter. Do not mock us".

Trump, who attended Pope Francis' funeral in Rome last week, has previously joked about wanting to be Pope, further fueling reactions to the AI-generated image. While some of his supporters defended the post as a harmless joke, others saw it as another example of Trump's unconventional approach to public discourse.

The Vatican has declined to comment on the image, and discussions continue online about the implications of AI-generated content in political and religious spaces. As the conclave approaches, the controversy surrounding Trump's post remains a hot topic of debate.

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