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5 Things to Know Today: Job Losses, Rate-Hike Bets, Mortgage Hikes and $104 Oil (Oct. 11)

  Canadian Money Brief • Sunday, October 11, 2026 Happy Thanksgiving weekend. Canadian stock markets are closed Monday, but the money news isn't taking a break. Here are the five things that matter for your wallet before the week starts. 1. Canada lost 68,300 jobs in September Statistics Canada reported a second straight monthly drop (August was -41,700), well short of the gain economists expected. The unemployment rate edged up to 6.5% from 6.4%, and the economy has now shed a net 41,200 jobs so far in 2026, wiping out the year's earlier gains. Most of the damage was in the public sector, while the private sector held up. Wages for permanent employees rose 2.3% year over year. Markets reacted by trimming bets on a Bank of Canada rate hike at its Oct. 28 meeting to roughly 25%, down from about 40% before the report, according to LSEG data cited by The Canadian Press. What it means for you: A hike on Oct. 28 looks less likely, which is good news for variable-rate mortgage and H...
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US Dollar Plummets as Federal Reserve Signals Rate Cuts in 2024

 


The US dollar has taken a hit after the Federal Reserve’s latest economic projections indicated that the interest-rate hike cycle has come to an end and lower borrowing costs are coming in 2024 . The Bloomberg Dollar Spot Index fell for a fifth day as fears of a recession and dovish Fed commentary spurred investors to wager the central bank will have to reverse its most aggressive tightening cycle since the 1980s .

The US dollar has fallen to a four-month low after the Federal Reserve’s latest economic projections indicated that the interest-rate hike cycle has come to an end and lower borrowing costs are coming in 2024 . The dollar slid to the weakest level since early August as swap traders ramp up bets the Federal Reserve will cut interest rates as early as May. 

The dollar remains vulnerable until we see a shift in market expectations for the Fed and that may be a 2024 story. With the dollar rally stalled, it will take some firm real sector data to challenge the current dovish Fed narrative.

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