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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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Escalation in the Gulf: A Defining Moment in Trump’s Foreign Policy

In a move that reverberated across global capitals, the Trump administration authorized military strikes on Iranian assets, marking one of the most consequential and high-stakes decisions of his presidency. The action followed mounting tensions in the Gulf region, fueled by accusations that Tehran had been behind attacks on oil tankers and U.S. surveillance drones.

The strikes, though limited in scope, carried profound implications. They underscored President Trump’s unpredictable approach to international conflicts—eschewing prolonged military campaigns while simultaneously projecting strength. Critics argue this gamble risked spiraling into a broader conflict, destabilizing an already volatile region and drawing the U.S. deeper into Middle Eastern power struggles.

Supporters, on the other hand, viewed the strikes as a necessary assertion of American resolve in the face of escalating provocation. The episode crystalized the administration’s approach: heavy on deterrence, light on diplomacy, and deeply reliant on the president’s instinct-driven decision-making.

Whether the move succeeded in altering Tehran’s calculus remains uncertain. But one thing is clear—this marked a pivotal chapter in the Trump administration’s legacy on the world stage.


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