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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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Defiant Pride: Mass Protest in Budapest Challenges Government Crackdown

In a powerful display of resistance, tens of thousands of people marched through Budapest on Saturday, transforming a banned LGBTQ+ Pride rally into a sweeping protest against Hungary’s nationalist government. The demonstration, which drew participants from over 30 countries and included 70 members of the European Parliament, was sparked by a controversial law passed in March that allows authorities to ban Pride events under the guise of “child protection”.

Despite the official prohibition, marchers flooded the streets waving rainbow flags and holding signs that read “None of us are free until everyone is free.” Budapest Mayor Gergely Karácsony attempted to circumvent the ban by organizing the event as a municipal gathering, but police still declared it illegal.

Prime Minister Viktor Orbán’s administration has faced mounting criticism for its decade-long rollback of LGBTQ+ rights and broader democratic freedoms. The protest also drew support from more than 30 embassies and European Commission President Ursula von der Leyen, who urged Hungarian authorities to respect the right to peaceful assembly.

While small groups of far-right counter-protesters appeared, police successfully diverted the march to avoid clashes. Organizers and civil society groups framed the event as a last stand for civil liberties ahead of next year’s national election, where Orbán faces a strong opposition challenge.

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