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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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Tensions Flare at Eurasian Economic Union Meeting


 A tightly-scripted meeting of the Russia-dominated Eurasian Economic Union (EEU) took an unexpected turn on Thursday when Armenian Prime Minister Nikol Pashinyan and Belarusian President Alexander Lukashenko engaged in a heated exchange during a live broadcast.

The altercation occurred at a resort near St. Petersburg, where leaders from Russia, Armenia, Belarus, Kazakhstan, and Kyrgyzstan gathered for the EEU summit. Pashinyan, who joined the meeting via video link after testing positive for COVID-19, responded to Lukashenko's insistence that he visit Belarus for the next meeting by stating his intention to attend via video call. This prompted Lukashenko to press for an explanation and even offer to send a plane to fly the Armenian delegation to Minsk.

Pashinyan pointed to his earlier decision to freeze high-level visits to Belarus over Lukashenko's support for Armenia's rival, Azerbaijan. "I don't think this is the right format for discussing these issues," Pashinyan added. But Lukashenko kept arguing, and Pashinyan snapped back, leading to a tense moment watched in stony silence by Russian President Vladimir Putin and other leaders.

The EEU, formed a decade ago to encourage stronger business ties and facilitate trade between its members, has been marred by economic and other disputes between members. This latest incident underscores the ongoing challenges within the union.


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