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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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Ontario Braces for First Major Snow Squall Event of the Season



Ontario is gearing up for its first major snow squall event of the season, with meteorologists predicting overwhelming snow totals that could reach up to 50 cm. The multi-day event, starting late Thursday and continuing through the weekend, is expected to impact the traditional snowbelt regions, including London, Guelph, and parts of the Greater Toronto Area (GTA).

Snow squall watches and warnings have been issued for areas on the lee of the Great Lakes, with meteorologists warning of treacherous travel conditions due to intense accumulating snow and near-zero visibility. The coldest air of the season is expected to stir up the lake-effect snow machine, leading to persistent and potent snow squalls.

Drivers are urged to plan ahead and be prepared for sudden changes in weather conditions. While this may be great news for Ontario's ski resorts, it poses significant challenges for road travel.



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