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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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Turkey's Political Turmoil: Protests and Arrests Spark International Debate

Turkey has been gripped by widespread protests following the arrest of Istanbul Mayor Ekrem Imamoglu, a prominent political rival to President Recep Tayyip Erdogan. Authorities have detained nearly 1,900 individuals participating in demonstrations across the country. Imamoglu, accused of corruption and other charges, was jailed pending trial, a move critics argue is politically motivated to eliminate a potential electoral threat to Erdogan.

The protests, described as the largest anti-government demonstrations in a decade, have drawn attention from rights groups and Western leaders, who have expressed concerns about democratic backsliding in Turkey. Despite calls for peaceful protests, clashes between demonstrators and police have escalated, with reports of excessive force being used to disperse crowds.

Justice Minister Yilmaz Tunc defended the judiciary's decision, citing the gravity of the allegations against Imamoglu. Meanwhile, Erdogan dismissed the protests as a "show" and warned of legal consequences for participants.

The situation has sparked international criticism, with rights groups urging Turkey to investigate the use of force and allow peaceful demonstrations. As tensions rise, the political landscape in Turkey remains uncertain, with the opposition calling for continued protests and rallies.

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