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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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Khamenei’s Inner Circle Diminishes Amid Israeli Strikes

Iran’s Supreme Leader Ayatollah Ali Khamenei is facing an unprecedented challenge as his closest military and security advisers have been systematically eliminated by Israeli airstrikes. The loss of key figures, including Revolutionary Guards commander Hossein Salami and aerospace chief Amir Ali Hajizadeh, has left significant gaps in Iran’s strategic decision-making.  

Khamenei, known for his cautious yet firm leadership, now finds himself increasingly isolated, with fewer trusted voices to guide him through escalating tensions. His son, Mojtaba Khamenei, has reportedly stepped into a more prominent role, fueling speculation about succession plans.  

The situation raises concerns about potential miscalculations in Iran’s defense strategy, as the absence of seasoned advisers could lead to hasty or ill-informed decisions. With Israel continuing its precision strikes, Khamenei’s ability to maintain control over Iran’s military and political landscape is being tested like never before.  


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