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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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Ottawa’s Rideau Canal Skateway Reopens: Walk, Don’t Skate!

 

Ottawa, Canada – The iconic Rideau Canal Skateway, known as the world’s largest outdoor skating rink, briefly reopened its frozen expanse to visitors on Sunday. However, there’s a twist: leave your ice skates at home.

The National Capital Commission (NCC) made the decision to partially reopen approximately one-quarter of the Skateway at noon. But before you lace up those blades, take heed: the ice is currently only safe for walking.

Why the caution? An overnight snowfall disrupted the usual maintenance routine, preventing crews from flooding the canal. As a result, the ice condition has been rated as “very poor.” Skaters are advised to tread carefully and enjoy the picturesque views without the gliding motion.

The Rideau Canal Skateway, a beloved winter tradition in Ottawa, usually draws throngs of skaters from around the world. Its reopening, even for walking, brings a sense of normalcy and a chance to savor the crisp winter air. So, grab your warmest boots, bundle up, and explore this frozen wonderland – just remember to leave the skates behind! 


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