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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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Israel Vows Swift Retaliation Against Iran Amid Renewed Tensions

Israeli Defence Minister Israel Katz issued a stark warning on Thursday, declaring that Israel would strike Iran again if it perceives any threat from Tehran. Speaking at an air force graduation ceremony, Katz emphasized Israel’s readiness to respond with overwhelming force.

“Israel’s long arm will reach you in Tehran, Tabriz, Isfahan—anywhere you try to threaten or harm Israel. There is no place to hide,” Katz stated. “If we must return, we will do so with greater force”.

This statement follows a tense June in which Israel launched a 12-day air campaign targeting Iranian nuclear sites, citing concerns over Iran’s alleged progress toward nuclear weapons development—a claim Iran denies. The conflict ended with a U.S.-brokered ceasefire announced by President Donald Trump on June 23.

The renewed rhetoric signals lingering volatility in the region, with both nations remaining on high alert. Observers fear that any escalation could reignite broader hostilities across the Middle East.

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