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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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Saudi-Pakistan Defense Pact Brings Nuclear Deterrence Into Gulf Security Equation


Saudi Arabia and Pakistan have signed a landmark Strategic Mutual Defense Agreement that could reshape the Middle East’s security landscape by placing the kingdom under Islamabad’s nuclear umbrella.

The pact, announced in Riyadh on Wednesday, declares that an attack on one nation will be treated as an attack on both. In a rare public acknowledgment, Pakistan’s Defence Minister Khawaja Mohammad Asif said his country’s nuclear capabilities “will be made available” to Saudi Arabia if needed. While both sides stress the arrangement is purely defensive, analysts say it sends a clear signal to regional rivals — particularly Israel, widely believed to be the Middle East’s only nuclear-armed state — and reflects waning Gulf confidence in U.S. security guarantees.

The agreement comes amid heightened tensions following Israeli strikes in Qatar and ongoing fears over Iran’s nuclear ambitions. For Saudi Arabia, the pact offers a potential strategic counterweight; for Pakistan, it deepens a decades-long security and financial partnership with the Gulf’s largest economy.


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