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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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Mass Exodus from Gaza City as Israeli Offensive Escalates Amid Global Outcry

 

Displaced Palestinians, fleeing northern Gaza due to an Israeli military operation, move southward Wednesday after Israeli forces ordered residents of Gaza City to evacuate to the south.


Tens of thousands of Palestinians are fleeing Gaza City as Israeli forces intensify a ground and air assault on the enclave’s largest urban center, defying mounting international condemnation. The Israeli military has opened a temporary evacuation route south, urging civilians to leave before operations escalate further.

Residents describe relentless bombardment, with tanks advancing from multiple directions and entire neighborhoods reduced to rubble. Local health authorities report dozens killed in the past 24 hours, adding to a death toll that has surpassed 64,000 since October 2023. Humanitarian agencies warn that the offensive is worsening famine conditions in the south, where overcrowded camps lack food, water, and medical supplies.

The United Nations has accused Israel of committing genocide — a charge Israel rejects — while leaders from the U.S., Arab states, and aid organizations call for an immediate ceasefire. Despite the outcry, Israeli officials say the operation will continue for months if necessary, aiming to dismantle Hamas’ remaining strongholds in the city.

Many residents, fearful of permanent displacement, are choosing to stay despite the risks. “Even if we want to leave, is there any guarantee we would be able to come back?” one teacher told reporters.


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