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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’s Gaza Deal: A Fragile First Step Toward Peace

 

According to the agreement Israeli troops will have to withdraw to the so-called yellow line in Gaza


After two years of devastating conflict in Gaza, U.S. President Donald Trump has announced what he calls a “historic” peace agreement between Israel and Hamas. The deal, unveiled this week, marks the first phase of a broader 20‑point framework designed to halt the bloodshed and potentially reshape the region’s political future.

At its core, the agreement includes:

  • Ceasefire & Troop Withdrawal: Israel will begin a partial withdrawal from Gaza, pulling back to an agreed “yellow line.”
  • Hostage & Prisoner Exchange: Hamas has pledged to release all remaining hostages, while Israel is set to free around 2,000 Palestinian prisoners, including hundreds serving life sentences.
  • Humanitarian Aid: The deal promises a significant increase in aid deliveries, with hundreds of trucks expected to enter Gaza daily.
  • Future Governance: While Hamas has agreed to the ceasefire, questions remain over who will govern Gaza once the war ends. Trump’s plan envisions a reformed Palestinian Authority or a technocratic administration, but details are still vague.

The announcement sparked celebrations in parts of Gaza and Israel, with families of hostages expressing relief. Yet skepticism lingers. Previous ceasefires have collapsed, and the long‑term issues—such as Hamas’s role, Palestinian statehood, and Gaza’s reconstruction—remain unresolved.

For Trump, the deal represents his most significant foreign policy breakthrough of his current presidency, with supporters touting it as Nobel Peace Prize‑worthy. Critics, however, warn that without a clear roadmap for Gaza’s future, this “first step” could falter like many before it.

In short, Trump’s Gaza deal is a moment of cautious hope: a pause in the violence, a chance for humanitarian relief, and perhaps the opening chapter of a still‑uncertain peace.


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