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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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Trump Blasts Israel and Iran Over Ceasefire Breach Amid Renewed Tensions

In a fiery rebuke Tuesday morning, U.S. President Donald Trump condemned both Israel and Iran for violating a ceasefire agreement he had announced just hours earlier. Speaking to reporters before departing for a NATO summit in the Netherlands, Trump expressed frustration, saying, “We have two countries that have been fighting so long and so hard that they don’t know what the [expletive] they’re doing”.

The ceasefire, intended to halt a 12-day conflict, quickly unraveled as Iran reportedly launched missile strikes into Israeli territory. In response, Israel’s military leadership vowed to retaliate, accusing Tehran of a “severe violation” of the truce.

Trump took to his social media platform, Truth Social, to urge restraint, posting in all caps: “ISRAEL. DO NOT DROP THOSE BOMBS. IF YOU DO IT IS A MAJOR VIOLATION. BRING YOUR PILOTS HOME, NOW!” He later added that he was “not happy with Israel” and would attempt to de-escalate the situation.

Despite initial statements from both sides indicating compliance, the ceasefire appears to have collapsed under mutual distrust and continued hostilities. As the region braces for further escalation, Trump’s diplomatic balancing act faces its toughest test yet.

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