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

Labels

Trump Escalates Clash With Illinois Leaders Amid Troop Deployment to Chicago

                                        A law enforcement officer confronts a demonstrator in Chicago 

U.S. President Donald Trump intensified his confrontation with Democratic officials in Illinois on Wednesday, calling for the imprisonment of Chicago Mayor Brandon Johnson and Governor JB Pritzker as his administration prepared to deploy National Guard troops to the city.

Trump accused both leaders of failing to protect federal immigration officers, writing on his social media platform: “Chicago Mayor should be in jail for failing to protect ICE Officers! Governor Pritzker also!”. Neither official has been accused of wrongdoing.

The remarks came as hundreds of National Guard soldiers, including units from Texas, assembled near Chicago despite strong opposition from state and local leaders. Johnson recently signed an executive order creating an “ICE Free Zone,” barring federal immigration agents from using city property, while Pritzker denounced the troop deployment as an “invasion of Illinois”.

Both officials responded defiantly. Johnson said Trump’s comments echoed past attempts to target Black leaders, while Pritzker warned that the president’s rhetoric signaled a slide toward authoritarianism.

The deployment is part of Trump’s broader crackdown on immigration and crime in Democratic-led cities. While the administration has described Chicago as plagued by lawlessness, local officials note that violent crime has been declining since its pandemic-era peak.

The escalating standoff has sparked protests in Chicago and raised constitutional questions over the limits of federal power in domestic law enforcement.


Labels:

Comments

Post a Comment