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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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Commander-in-Chic: Trump’s Fragrance Sparks Buzz and Backlash

In a move that blends branding with bravado, President Donald Trump has unveiled his latest product: a luxury fragrance line dubbed “Victory 45-47”, a nod to his two non-consecutive presidential terms. The colognes and perfumes, priced at $249 a bottle, are marketed as symbols of “Winning, Strength, and Success” and come encased in gold-colored bottles shaped like miniature Trump statues.

While the launch has energized his loyal base and added another item to the ever-expanding Trump merchandise empire, critics are raising eyebrows over the timing and ethics. The announcement came just as debates heat up over proposed budget cuts to healthcare and social programs, prompting accusations of profiteering from the presidency.

Senator Mark Warner called it “grifting in plain sight,” while others questioned whether the president’s business ventures blur the line between public service and personal gain. The White House has declined to comment.

Despite the controversy, the fragrance is already trending online, with reactions ranging from mockery to admiration. Fragrance reviewers describe the men’s scent as “woody and spicy,” while the women’s version leans “citrusy with a vanilla base” — though some note its short-lived wear.


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