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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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Child Dies in Latest English Channel Tragedy Amid Rising Migrant Deaths

 

                                      Almost 900 migrants are thought to have crossed the Channel on Saturday

A child has died after falling from an overcrowded small boat attempting to cross the English Channel, French authorities confirmed on Sunday. The incident occurred when nearly 100 migrants were packed onto a dinghy, which later continued its journey toward Britain despite the tragedy. The child’s body was later found washed up on Écault beach near Boulogne-sur-Mer.

Emergency services reported that 48 other migrants fell into the sea but were rescued before the vessel carried on with around 50 passengers still onboard. The victim’s age and nationality have not yet been determined, though local sources suggested the child may have been a teenager.

This death follows the loss of two Somali women just a day earlier in a separate Channel crossing attempt, highlighting the growing dangers faced by migrants making the perilous journey. French prosecutors have launched investigations into the weekend’s fatalities, with authorities vowing to intensify efforts against people-smuggling networks.

So far in 2025, at least 21 people have died attempting to reach Britain by small boat, underscoring the human cost of the ongoing migration crisis.


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