Skip to main content

Featured

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...

article

Alberta Premier Danielle Smith Welcomes Global Leaders at G7 Summit

 


Alberta Premier Danielle Smith is set to greet world leaders as they arrive in Calgary for the highly anticipated G7 summit. The three-day event, hosted in the scenic Kananaskis region, will bring together leaders from the world's most advanced economies, including Canada, the United States, France, Germany, Italy, Japan, and the United Kingdom, along with the European Union.

Smith's role extends beyond welcoming dignitaries—she will also host a reception for representatives from non-member countries and engage in bilateral meetings throughout the summit. While details of these meetings remain undisclosed, Smith has consistently emphasized Alberta’s position as a key player in global energy markets. Her recent international engagements, including visits to Japan, South Korea, and the United States, have focused on strengthening Alberta’s trade relationships and securing energy partnerships.

Prime Minister Mark Carney, as the summit’s host, has invited additional leaders, including Australian Prime Minister Anthony Albanese, Brazilian President Luiz Inácio Lula da Silva, and Indian Prime Minister Narendra Modi. Energy security is expected to be a major topic of discussion, with Alberta’s vast resources playing a central role in conversations about global supply and sustainability.

As the summit unfolds, Smith aims to showcase Alberta’s economic strengths and reinforce its position as a reliable energy supplier on the world stage. The event marks a significant opportunity for the province to engage with international leaders and shape discussions on trade, energy, and global cooperation.

Comments