Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

ECB Holds Rates Steady Amid Trade Uncertainty and Inflation Stabilization

 


ECB Pauses Rate Cuts in July Decision

The European Central Bank (ECB) opted to keep its key interest rates unchanged during its July 2025 policy meeting, signaling a cautious approach amid ongoing global trade tensions and a stabilizing inflation outlook.

Key Highlights

  • Rates Held Steady:

    • Deposit Facility: 2.00%
    • Main Refinancing Operations: 2.15%
    • Marginal Lending Facility: 2.40%

  • Inflation at Target:
    Annual inflation in the eurozone reached the ECB’s medium-term target of 2% in June, prompting the bank to pause its rate-cutting cycle after eight consecutive reductions over the past year.

  • Economic Resilience:
    Despite geopolitical and trade uncertainties, the eurozone economy has shown resilience, supported by strong labor markets, rising wages, and increased public investment.

  • Trade Tensions Loom:
    The ECB cited the ongoing tariff negotiations between the EU and the U.S. as a major source of uncertainty. A potential 15% tariff on EU exports could impact growth and inflation, influencing future monetary policy decisions.

  • Forward Guidance:
    ECB President Christine Lagarde emphasized a “data-dependent and meeting-by-meeting” approach, with no pre-commitment to a specific rate path. The bank will reassess its stance in September when updated forecasts are available.

Market Reaction

The euro showed mild volatility following the announcement, trading slightly lower against the U.S. dollar. Investors are now watching closely for signs of further easing later this year, especially if trade negotiations falter or inflation dips below target.


Labels:

Comments

Post a Comment