Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Trudeau Faces Mounting Pressure to Resign Amid Political Turmoil

In a week that could mark a historic turning point in Canadian politics, Prime Minister Justin Trudeau is under intense scrutiny as calls for his resignation grow louder. Reports suggest that Trudeau may announce his decision to step down as early as today, ahead of a crucial national caucus meeting scheduled for Wednesday.

The pressure on Trudeau has been building for weeks, with multiple MPs from his own Liberal party joining the chorus of voices urging him to resign. This follows the surprise resignation of Finance Minister Chrystia Freeland in mid-December, which has only intensified the calls for Trudeau's departure.

Political analysts are speculating on the potential outcomes and the future leadership of the Liberal party. If Trudeau does step down, the party will need to name an interim leader and prepare for a leadership race. Among the potential contenders is Mark Carney, whose name has been floated as a possible successor.

As the political landscape in Ottawa remains uncertain, all eyes are on Trudeau and his next move. The coming days will be critical in determining the future direction of the Liberal party and Canadian politics as a whole.

Labels:

Comments

Post a Comment