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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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Escalating Tensions: Trump and Iran's Supreme Leader Exchange Threats Amid Nuclear Standoff

In a dramatic escalation of tensions, former U.S. President Donald Trump has reiterated his threat to bomb Iran if the nation does not agree to a new nuclear deal. This statement comes amidst a prolonged standoff over Iran's nuclear ambitions, which have been a point of contention since the U.S. withdrew from the 2015 nuclear agreement during Trump's first term.

Iran's Supreme Leader, Ayatollah Ali Khamenei, responded firmly, warning that any act of aggression would be met with a "strong reciprocal blow." He emphasized that Iran remains steadfast in its resistance to direct negotiations under what it perceives as the U.S.'s "maximum pressure" strategy.

The situation underscores the fragile state of international diplomacy, with both sides entrenched in their positions. While Trump continues to push for a new deal, Iran has significantly advanced its nuclear program, raising concerns among global powers.

This exchange highlights the ongoing volatility in U.S.-Iran relations, with potential implications for regional and global stability.

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