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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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Ukraine Endures Largest Russian Aerial Assault Since War Began

In the early hours of Sunday, Ukraine faced its most intense aerial bombardment since the onset of Russia’s full-scale invasion in 2022. According to Ukrainian officials, Russia launched a staggering 537 aerial weapons, including 477 drones and 60 missiles, targeting multiple regions across the country.

The Ukrainian Air Force reported that 249 drones and 38 missiles were successfully intercepted, while others were either electronically jammed or missed their targets. Despite these defenses, the assault caused widespread damage. Residential buildings, industrial facilities, and critical infrastructure in regions such as Lviv, Mykolaiv, and Dnipropetrovsk were hit.

Tragically, the attack claimed several lives, including that of a Ukrainian F-16 pilot who managed to down seven air targets before his aircraft was fatally damaged. At least a dozen civilians, including children, were reported dead or injured.

The scale and reach of the attack—striking areas far from the front lines—underscore a sharp escalation in Russia’s aerial campaign. While President Putin recently expressed openness to renewed peace talks in Istanbul, the ferocity of this latest strike casts doubt on the sincerity of those overtures.

This overnight barrage not only deepens the humanitarian crisis but also signals a troubling new phase in the conflict, as both sides continue to test the limits of modern warfare.

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