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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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U.S. Vice President Criticizes Denmark's Role in Greenland's Security

During a recent visit to the U.S. military's Pituffik Space Base in Greenland, Vice President JD Vance openly criticized Denmark for what he described as insufficient efforts to protect Greenland from potential threats posed by Russia and China. Vance emphasized the strategic importance of Greenland, citing increased interest in Arctic passageways, naval routes, and mineral resources from global powers.

While pledging respect for Greenland's sovereignty, Vance urged the semi-autonomous Danish territory to consider closer collaboration with the United States. He assured Greenlanders that the U.S. would invest in additional resources, including naval ships and military icebreakers, to bolster security in the region.

Denmark's response to Vance's remarks has been mixed, with Greenland's new prime minister calling the U.S. visit a "provocation" and Denmark's King Frederik reaffirming his commitment to Greenland's people. The visit has sparked discussions about the balance of power and security in the Arctic, as well as Greenland's future alliances.

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