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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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India Exposes Alleged Student Trafficking Network via Canadian Colleges


India has accused several Canadian colleges of being part of a widespread human trafficking network that illegally transports international students to the United States. The Enforcement Directorate of India revealed that their investigation uncovered evidence of incriminating activities involving two entities in Mumbai.

The probe was initiated following the tragic death of the Patel family near the Canada-U.S. border in January 2022. The investigation has since expanded, revealing that around 25,000 students were referred by one entity and over 10,000 by another to various colleges outside India annually.

Authorities claim that students, instead of attending Canadian colleges, were smuggled across the border and their admission fees were refunded. The network allegedly involves 1,700 agents in Gujarat and around 3,500 across India.

The case has drawn attention to the need for stricter regulations and oversight in international student admissions and visa processes.




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