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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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New Dawn at Rafah: Vital Gaza-Egypt Crossing Reopens, Offering Lifeline to the Wounded

 

In a significant humanitarian breakthrough, the Rafah border crossing between Gaza and Egypt reopened on Saturday for the first time since May. The reopening—observed by international monitors and captured on live television—enabled the first wave of medical evacuations, allowing around 50 critically ill patients, including children, to leave Gaza for treatment in Egyptian hospitals.

The crossing, a crucial exit from Gaza that bypasses Israeli-controlled borders, had remained closed amid intense military operations and political tensions. Its reopening comes as part of a broader ceasefire agreement aimed at easing the long-standing blockade and mitigating the humanitarian crisis in the besieged enclave. International agencies, including the World Health Organization, have welcomed the move as a vital step toward restoring essential medical services to thousands in need.

Authorities stress that while this initial phase marks a moment of relief for many, additional measures will be required to expand the daily quota of medical evacuations and address the wider humanitarian challenges in Gaza. As displaced families and critically wounded patients finally gain a lifeline to life-saving care, diplomatic efforts continue to seek a lasting resolution to the conflict.

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