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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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Kremlin and Trump: Navigating Ukraine Peace Talks Amid Tensions

The Kremlin has announced ongoing efforts to collaborate with the United States on a potential peace settlement in Ukraine, despite recent tensions sparked by U.S. President Donald Trump's remarks about Russian President Vladimir Putin. Trump expressed frustration after Putin criticized Ukrainian President Volodymyr Zelensky's credibility, suggesting secondary tariffs on Russian oil buyers as a potential consequence.

Kremlin spokesperson Dmitry Peskov emphasized that Moscow remains committed to working with Washington to rebuild bilateral relations and explore ideas for resolving the Ukrainian conflict. While progress is reportedly being made, Peskov acknowledged the complexity of the process and the absence of concrete details at this stage.

Trump, who has positioned himself as a peacemaker, reiterated his desire to end the three-year conflict in Ukraine, warning of the risks of escalation into a global confrontation. Despite his disappointment with Putin, Trump expressed optimism about gradual progress in the negotiations.

The situation underscores the delicate balance of diplomacy required to address the ongoing crisis, with both leaders navigating their respective frustrations and aspirations for peace.

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