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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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Relief at the Checkout: Canada’s 2025 Grocery Rebate Explained


As grocery prices continue to climb across the country, the Canadian government has stepped in with a lifeline for low- and modest-income households: the Canada Grocery Rebate 2025. This one-time, tax-free payment is designed to help families and individuals manage the rising cost of food and essentials.

Who’s Eligible?

To qualify for the rebate, you must:

  • Be a Canadian resident for tax purposes as of August 2025
  • Have filed your 2024 income tax return
  • Meet income thresholds:
    • Single individuals: Net income below $38,000
    • Families (couples or single parents): Net income below $50,000
  • Be eligible for the GST/HST credit, which is used to determine rebate amounts

How Much Will You Receive?

The rebate amount varies depending on your household size and income. Estimated payouts include:

Household TypeEstimated Rebate Amount
Single adultUp to $234
Married coupleUp to $306
Single parent with 1 childUp to $387
Couple with 2 childrenUp to $628
Senior living aloneUp to $255

Payments are scheduled for August 19, 2025, and will be issued automatically via direct deposit or mailed cheque—no separate application required.

Why It Matters

With inflation squeezing household budgets, this rebate offers timely relief to those most affected. It’s part of a broader federal effort to combat food insecurity and support Canadians through economic uncertainty.


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