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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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The Race to Replace Justin Trudeau: Top Contenders for Liberal Leadership

With Justin Trudeau stepping down as the leader of the Liberal Party, the race to find his successor is heating up. Here are some of the top contenders vying for the position:

Chrystia Freeland: The former finance minister and deputy prime minister, Freeland has been a prominent figure in Trudeau's cabinet. Her resignation from the cabinet in December 2024 triggered a wave of calls for Trudeau's resignation. Freeland's experience and leadership skills make her a strong candidate for the top job.

Mark Carney: The former governor of the Bank of Canada and the Bank of England, Carney has a strong economic background and has been serving as a special adviser to Trudeau. His expertise in finance and climate action makes him a formidable contender for the Liberal leadership.

Anita Anand: A lawyer and politician, Anand entered the political scene in 2019 and has been a rising star in the Liberal caucus. Her ambition and dedication to public service have positioned her as a potential successor to Trudeau.

The Liberal Party is expected to hold a leadership election in 2025 to choose Trudeau's successor. As the race unfolds, these candidates will be making their pitches to party members and the public, highlighting their vision for the future of Canada.



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