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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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Trump Media’s Stock Tumbles Amidst Legal Challenges and Market Skepticism


In a dramatic turn of events, Trump Media & Technology Group’s stock has continued its downward spiral, now sitting more than 66% below its peak value. The company, which has been the subject of much market enthusiasm in the past, saw its shares plummet by 18% following a recent filing to sell additional shares.

This decline coincides with former President Donald Trump’s appearance in court at the start of a historic criminal trial in New York. The legal proceedings have cast a shadow over the company’s financial stability, contributing to investor apprehension and a loss of confidence in the stock.

The filing, which could potentially allow insider shareholders to sell off their stock, has further fueled the sell-off, leaving the market to grapple with the implications of these unlocked insider sales. With the stock price taking a hit, the value of Donald Trump’s stake in the company has also seen a significant reduction.

As the trial progresses and the company navigates these turbulent financial waters, all eyes will be on Trump Media to see if it can recover from this setback or if the current trend signifies a deeper malaise within the company’s financial structure.

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