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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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Weston Family Acquires Historic Hudson’s Bay Charter for $12.5M, Plans Museum Donation

 

                          

The 1670 royal charter signed by King Charles II establishing Hudson's Bay is shown on display at the Manitoba Museum where it was loaned to be displayed alongside its permanent collection of Hudson's Bay artifacts, in this 2020 handout photo.



Historic Deal Preserves Canadian Legacy

In a gesture blending heritage preservation with philanthropy, the billionaire Weston family is set to acquire the original charter of the Hudson’s Bay Company for $12.5 million. The centuries-old document, granted in 1670 by England’s King Charles II, established one of the world’s oldest continuously operating companies and played a pivotal role in shaping Canada’s economic and cultural landscape.

The Weston family, known for their stewardship of iconic brands and long-standing support of Canadian institutions, announced plans to donate the charter to a Canadian museum following the purchase. The move ensures the artifact will remain in public hands and accessible to future generations.

"We’re proud to help keep this vital piece of Canada’s history within our national heritage," a Weston family representative stated.

With the charter headed to a museum, the legacy of the Hudson’s Bay Company will continue to inspire curiosity about Canada’s roots in exploration, trade, and Indigenous relations.


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