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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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5 Simple Ways to Save More Money and Build Wealth

 


If you’re looking to save more money and build wealth, there are a few simple steps you can take to get started. Here are five ways to help you save more money:

  1. Track your spending: Start by tracking your spending for a month or two. This will help you identify areas where you can cut back and save money.

  2. Create a budget: Once you know where your money is going, create a budget. This will help you stay on track and avoid overspending.

  3. Set savings goals: Set specific savings goals, such as saving for a down payment on a house or a vacation. This will help you stay motivated and focused on your savings.

  4. Automate your savings: Set up automatic transfers from your checking account to your savings account. This will help you save money without even thinking about it.

  5. Invest your savings: Once you’ve built up some savings, consider investing your money. This can help you grow your wealth over time.

Hopefully these tips help you save more money and build wealth! 


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