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5 Things to Know Today: 68,300 Jobs Lost, Loonie at 18-Month Low, BoC Hike Odds Fade

  CANADIAN MONEY BRIEF | SATURDAY, OCTOBER 10, 2026 Canada's job losses pile up, the loonie slides to an 18-month low and the Bank of Canada's rate-hike case weakens. Here's what matters for your wallet this long weekend. 1 Canada lost 68,300 jobs in September Statistics Canada reported 68,300 fewer jobs in September, far worse than the roughly 9,200 gain economists polled by Reuters expected. The unemployment rate rose to 6.5% from 6.4%. It follows a 41,700 drop in August, which means Canada has now lost a net 41,200 jobs in 2026 (versus a gain of 211,300 at this point last year). Education plus health care and social assistance lost 58,400 jobs, manufacturing fell by 12,700 and youth employment (ages 15 to 24) dropped by 48,000. The participation rate slid to 64.8%, its lowest in 29 years outside the pandemic. What it means for you: Average hourly wages for permanent employees rose 2.3% year over year, which is slower than August inflation of 3.0%. If your pay isn'...
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Market Rebound Amid Weekly Losses

                                         

U.S. stock futures showed signs of recovery on Friday after a challenging week marked by steep losses. Futures tied to the S&P 500 rose by approximately 0.9%, while the tech-heavy Nasdaq 100 saw a 1.1% increase. The Dow Jones Industrial Average futures also climbed by 0.6%.

This rebound comes after the S&P 500 entered correction territory, joining the Nasdaq Composite in a sharp downturn. The week has been turbulent, with markets reacting to uncertainties surrounding trade policies and economic data. However, optimism grew as political developments suggested a reduced risk of a government shutdown.

Despite the day's positive momentum, all three major indexes are on track for significant weekly losses, reflecting the broader challenges faced by the market. Investors remain cautious as they await further economic indicators and policy updates.

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