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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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JN.1: The Fastest-Growing COVID-19 Variant

 

JN.1 is a heavily mutated, highly transmissible subvariant of omicron and an offshoot of BA.2.86, aka “Pirola.” It has an additional mutation that affects its ability to evade immunity. According to the U.S. Centers for Disease Control and Prevention, JN.1 now accounts for almost two-thirds of cases in the U.S. and may be “intensifying the spread of COVID-19 this winter.” The share of cases caused by JN.1 nearly tripled in the past month, and during a two-week period ending on Jan. 6, JN.1 accounted for about 62% of cases in the U.S. JN.1 was first reported in August 2023, and it has spread to at least 41 countries so far, according to the World Health Organization.

The variant’s growth comes as COVID hospitalizations rise, influenza continues to spread and RSV activity remains high in many places. Experts warn that the country may be facing its second-largest COVID wave, smaller than only the omicron surge in late 2021 and early 2022.

It’s not known whether JN.1 causes different symptoms from other variants, according to the CDC. The symptoms of JN.1 appear to be similar to those caused by other strains, which include:

  • Fever or chills
  • Cough
  • Shortness of breath or difficulty breathing
  • Fatigue
  • Muscle or body aches
  • Headache
  • New loss of taste or smell
  • Sore throat
  • Congestion or runny nose
  • Nausea or vomiting
  • Diarrhea

It’s important to note that the type and severity of symptoms a person experiences usually depends more on a person’s underlying health and immunity rather than the variant which caused infection.

Testing is an important tool to protect yourself and others from COVID-19, especially ahead of indoor gatherings. All COVID-19 diagnostic tests — including rapid antigen tests and PCR tests — are expected to be effective at detecting JN.1, as well as other variants, according to the CDC.


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