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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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Russia Deploys Kalibr-Armed Warship to Mediterranean Amid Rising Tensions

On July 13, 2025, Russia deployed three warships to the Mediterranean Sea, one of which is armed with Kalibr cruise missiles, according to a report from the Ukrainian Navy. The missile carrier is capable of launching up to four Kalibr missiles, adding a new layer of strategic presence in the region.

At the same time, Ukrainian officials confirmed that no Russian naval vessels were detected in the Black Sea or the Sea of Azov ,marking a shift in maritime focus. Over the past 24 hours, six vessels transited the Kerch Strait toward the Black Sea, with three continuing toward the Bosphorus Strait, while five ships entered the Sea of Azov.

This deployment comes amid ongoing hostilities in Ukraine, where Russian forces reportedly suffered significant losses in recent combat engagements. Analysts suggest the move may be part of a broader effort by Moscow to project power beyond its immediate borders, especially as tensions remain high across multiple fronts.

The presence of Kalibr-equipped ships in the Mediterranean could signal Russia’s intent to maintain a flexible strike capability in a region that has seen increasing geopolitical friction.

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