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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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Stiles Secures NDP Leadership Backing, Pledges Fierce Opposition to Ford

 

                                            Ontario NDP Leader Marit Stiles

Ontario NDP Leader Marit Stiles has survived her first leadership review, earning the support of 68 per cent of party delegates at the convention in Niagara Falls. The vote ensures she will remain at the helm of the New Democrats as they continue their role as the Official Opposition at Queen’s Park.

Stiles, who was acclaimed leader in 2023, framed the result as a mandate to sharpen the party’s focus on challenging Premier Doug Ford’s Progressive Conservative government. In her address to delegates, she vowed to “hold Doug Ford to account,” criticizing his record on jobs, health care, and affordability.

The outcome comes just a week after Ontario Liberals forced their leader Bonnie Crombie to resign following a weaker 57 per cent endorsement, underscoring the higher stakes for Stiles heading into the review.

While the NDP lost ground in February’s snap election—dropping to 27 seats and finishing third in the popular vote—they retained Official Opposition status. Stiles has argued that stability and unity are essential for the party to position itself as the true alternative to Ford’s government.

Political observers note that while 68 per cent is a passable result, it leaves room for Stiles to strengthen her standing within the party. For now, she remains firmly in place, with her sights set on building momentum ahead of the next provincial election.


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