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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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Federal Judge Halts Trump’s Birthright Citizenship Order Nationwide

Demonstrators holds up a banner during a citizenship rally outside of the Supreme Court in Washington, on May 15, 2025.

In a pivotal legal development, U.S. District Judge Joseph Laplante has blocked former President Donald Trump’s executive order that sought to restrict birthright citizenship for children born to certain immigrant parents. The ruling comes just weeks after the Supreme Court limited the use of nationwide injunctions, but left room for class-action lawsuits to challenge federal policies.

Judge Laplante certified a class-action suit representing all newborns who would be affected by the order, allowing his injunction to apply nationwide. He described the potential denial of citizenship as “irreparable harm,” calling birthright citizenship “the greatest privilege that exists in the world”.

Trump’s order, issued earlier this year, aimed to deny automatic citizenship to children born in the U.S. unless at least one parent is a citizen or lawful permanent resident. Critics argued the move violated the 14th Amendment, which guarantees citizenship to all persons born or naturalized in the United States.

The judge’s decision is temporarily stayed for seven days to allow the Trump administration to appeal. Legal experts anticipate further challenges as the case moves through the courts, potentially setting the stage for another Supreme Court showdown.

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