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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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Macron’s Political Carousel: France Faces Fifth PM in Two Years

 

                                 France's Macron seeks new prime minister after government's collapse


French President Emmanuel Macron is once again on the hunt for a new prime minister—his fifth in under two years—after François Bayrou’s government collapsed following a resounding defeat in a parliamentary confidence vote.

Bayrou, a centrist with a long history of cross-party dealings, lasted just nine months in office before his deficit-cutting proposals were rejected by a fractured National Assembly. His resignation follows similar exits by predecessors Michel Barnier and Gabriel Attal, both of whom also failed to navigate the increasingly gridlocked legislature.

Macron now faces a daunting political landscape. With no clear majority and rising pressure from both the far-right and hard-left, his options are limited. He could appoint another loyalist, such as Defence Minister Sébastien Lecornu, or pivot toward a more conciliatory figure from the Socialist ranks like Olivier Faure or Bernard Cazeneuve. However, each choice risks alienating key factions and triggering further instability.

Calls for snap elections are growing louder, especially from Marine Le Pen’s National Rally, but Macron appears reluctant to gamble again after a previous election only deepened the parliamentary divide.

As France grapples with economic challenges and mounting public unrest, Macron’s next move could determine whether his presidency regains momentum—or sinks deeper into political paralysis.

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