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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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Trump, Starmer Show Unity on Global Issues but Split Over Palestinian State Recognition

 

                                   Trump and Starmer show unity but split on Palestinian state during London talks.


President Donald Trump acknowledged a rare policy rift with British Prime Minister Keir Starmer on Thursday, saying the two leaders “have a disagreement” over the U.K.’s plan to formally recognize a Palestinian state.

Speaking at a joint press conference during his state visit to Britain, Trump reiterated his opposition to early recognition, stressing that the immediate priority should be the release of hostages held by Hamas and an end to the fighting in Gaza. “We have to have the hostages back immediately… one of our few disagreements,” he said.

Starmer, whose government is expected to move ahead with recognition in the coming days, insisted the decision was part of a broader strategy aimed at achieving “a safe and secure Israel” alongside “a viable Palestinian state”. He emphasized that Hamas, which the U.K. designates as a terrorist organization, would have no role in any future Palestinian governance.

The exchange marked one of the few public divergences during a visit otherwise focused on reaffirming the U.S.-U.K. alliance, announcing a $42 billion technology partnership, and coordinating positions on Ukraine and other global challenges.


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