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...
Post a Comment
Read more

article

Labels

Canada Day: A Celebration of Unity and Sovereignty


Canada Day marks the anniversary of Canadian Confederation, when on July 1, 1867, the British North America Act (now called the Constitution Act, 1867) united the colonies of Nova Scotia, New Brunswick, and the Province of Canada (which later split into Ontario and Quebec) into a single country within the British Empire called Canada.

Originally known as Dominion Day, it was celebrated informally for many years before becoming a statutory holiday in 1879. The name was officially changed to Canada Day in 1982, the same year Canada fully patriated its constitution, severing the last legal ties to the British Parliament.

So while it’s often called “Canada’s birthday,” it’s more accurately the celebration of a major milestone on the country’s path to full sovereignty. Over time, it’s evolved from a modest observance to a nationwide celebration of Canadian identity, culture, and unity.


Labels:

Comments

Post a Comment