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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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Liberal Caucus Faces Crucial Meeting Amid Calls for Trudeau's Resignation

The Liberal caucus is set to convene on Wednesday, January 8, 2025, as pressure mounts for Prime Minister Justin Trudeau to step down. This meeting, called by Liberal national caucus chair Brenda Shanahan, comes in response to growing discontent within the party.

The calls for Trudeau's resignation have intensified following the abrupt resignation of Chrystia Freeland as deputy prime minister and finance minister last month. Liberal MPs from various regions, including Ontario, Quebec, and the Atlantic provinces, have publicly urged Trudeau to resign. Winnipeg South Centre MP Ben Carr recently joined the chorus, citing conversations with constituents and colleagues as the basis for his decision.

The upcoming caucus meeting will be a hybrid event, allowing MPs to participate virtually under strict confidentiality conditions. The meeting aims to address the leadership crisis and determine the party's future direction as opposition parties prepare to introduce a non-confidence motion in the House of Commons.

The outcome of this meeting could significantly impact the Liberal Party's strategy and leadership as they navigate the challenges of 2025 and beyond.

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