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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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Sarkozy Jailed: Historic Five-Year Sentence in Libya Funding Scandal

                Former French President Nicolas Sarkozy arrives for the verdict at the courthouse in Paris

Former French President Nicolas Sarkozy has been sentenced to five years in prison after a Paris court found him guilty of criminal conspiracy in connection with alleged Libyan financing of his 2007 presidential campaign.

The 70-year-old leader, who served as France’s president from 2007 to 2012, was acquitted of corruption and illegal campaign financing but convicted for allowing close aides to seek funds from the regime of late Libyan dictator Muammar Gaddafi.

The ruling marks the first time in modern French history that a former head of state will serve jail time. Sarkozy, who has consistently denied wrongdoing, is expected to appeal. Despite the appeal, the court ordered that the sentence remains enforceable, meaning he could soon be placed in custody.

Several of Sarkozy’s former allies were also convicted, including ex-ministers Claude Guéant and Brice Hortefeux. Prosecutors argued that Sarkozy’s team sought millions in illicit funding in exchange for diplomatic favors to rehabilitate Gaddafi’s international standing.

The verdict adds to Sarkozy’s mounting legal troubles. He has already been convicted in two separate cases involving corruption and campaign finance violations, making this latest ruling another blow to his political legacy.


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