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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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9 Canadian Tax Credits You Could Claim When Filing This Year


Tax season is upon us, and it’s time to start thinking about filing your taxes. While it can be a daunting task, there are several tax credits that you might not know about that could help you save money. Here are nine Canadian tax credits that you could claim when filing this year:

  1. Canada Training Credit: This refundable tax credit is available to help Canadians with the cost of eligible training fees. You can claim the CTC on your income tax and benefit return for tuition and other fees paid for courses you took in 2023. To claim the CTC, you must meet all of these conditions: you were a resident in Canada for all of 2023, you were at least 26 years old and less than 66 years old at the end of the year, and you have a CTC limit for 2023 on your latest notice of assessment or reassessment for 2022. The maximum amount you can claim for the CTC is $5,000 in a lifetime.

  2. Multigenerational Home Renovation Tax Credit: This non-refundable tax credit is available to individuals who renovate their home to accommodate a senior living with them. The credit is worth up to $10,000 and can be claimed by either the senior or the individual who owns the home.

  3. Canada Workers Benefit: This refundable tax credit is available to low-income workers. It is designed to supplement the income of individuals who are working but earning a low income. The maximum amount you can claim for the CWB is $1,381 for single individuals without children and $2,335 for families.

  4. Donations and Gifts: This non-refundable tax credit is available to individuals who make charitable donations or gifts. The credit is worth up to 29% of the total amount donated.

  5. Interest Paid on Your Student Loans: This non-refundable tax credit is available to individuals who have paid interest on their student loans. The credit is worth up to 15% of the total amount of interest paid.

  6. Canada Caregiver Credit: This non-refundable tax credit is available to individuals who provide care to a dependent with a physical or mental impairment. The credit is worth up to $7,276.

  7. Disability Tax Credit: This non-refundable tax credit is available to individuals with disabilities. The credit is worth up to $8,576 and can be claimed by the individual with the disability or their supporting person.

  8. Digital News Subscription Tax Credit: This non-refundable tax credit is available to individuals who subscribe to digital news outlets. The credit is worth up to $500 and can be claimed for subscriptions to eligible digital news outlets.

  9. Medical Expenses: This non-refundable tax credit is available to individuals who have incurred medical expenses. The credit is worth up to 15% of the total amount of eligible medical expenses.


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