Skip to main content

Featured

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...
Post a Comment
Read more

article

Sanae Takaichi Poised to Make History as Japan’s First Female Prime Minister

                                      Newly elected Liberal Democratic Party (LDP) leader Sanae Takaichi.

Japan is on the verge of a historic political shift after the ruling Liberal Democratic Party (LDP) elected Sanae Takaichi as its new leader, positioning her to become the country’s first female prime minister.

Takaichi, 64, a former Economic Security Minister and longtime conservative figure within the LDP, defeated Agriculture Minister Shinjiro Koizumi in a runoff vote on Saturday. Her victory comes as the party seeks to recover from recent electoral setbacks and restore public trust following corruption scandals and rising public discontent over inflation.

Although parliament must still formally confirm her appointment in mid-October, the LDP’s dominance in the lower house makes her ascension to the premiership all but certain. Takaichi will succeed outgoing Prime Minister Shigeru Ishiba, who resigned after the party’s poor election performance.

Known for her hawkish foreign policy views and close alignment with the late former Prime Minister Shinzo Abe, Takaichi has pledged to strengthen Japan’s defense capabilities, boost economic growth, and maintain traditional social policies. Her leadership, however, is expected to spark debate both domestically and abroad, particularly regarding gender equality and Japan’s relations with China and South Korea.

If confirmed, Takaichi will break a political glass ceiling in a country that ranks among the lowest in the G7 for gender equality, marking a symbolic milestone in Japan’s male-dominated political landscape.


Comments

Post a Comment