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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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Winter’s Early Whisper: Canada Hits -10°C Before Mid-September

                                     Baron - Canadas first -10 temperature of the season - Sept 8 2025

Just a week into meteorological fall, Canada has already plunged into winter-like territory. On September 8, Isachsen, Nunavut, recorded a bone-chilling -10.3°C, marking the nation’s first double-digit subzero reading of the season.

While such early-season cold is typical for Canada’s far north—where diminishing daylight and expanding polar air masses set the stage—southern regions won’t feel this level of chill until mid-to-late fall. In the coming week, northern Nunavut is expected to see more -10°C readings, while most of the country will enjoy seasonal to warmer-than-normal conditions.

Eastern areas, including Labrador and parts of Atlantic Canada, may experience cooler air in the short term, but nothing close to this Arctic plunge. For now, the deep freeze remains a northern affair—though it’s a crisp reminder that winter is already knocking on Canada’s door.


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