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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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Ontario Braces for Ice Storm: Power Outages and Travel Disruptions Expected


Ontario is facing a significant ice storm this weekend, with freezing rain, snow, and ice pellets creating hazardous conditions across the province. The storm is expected to arrive in two waves, bringing prolonged freezing rain and heavy snow to many areas.

The first wave began Friday evening and will last into Saturday morning, while the second wave is set to arrive Saturday night and continue into Monday. Communities from cottage country to eastern Ontario are likely to experience ice accretion of up to 20 mm, leading to slippery roads, tree damage, and potential power outages. Northeastern Ontario could see snowfall accumulations of up to 40 cm, further complicating travel.

Residents are advised to stay home if possible, keep devices charged, and prepare for localized power outages. Emergency Management Ontario recommends postponing non-essential travel and staying informed through local weather alerts.


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