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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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Ukraine Moves to Secure 25 Patriot Systems in Long-Term Defense Deal

File photo: Ukrainian President Volodymyr Zelenskiy looks on during a visit to a military training area to find out about the training of Ukrainian soldiers on the US Patriot anti-aircraft missile system, at an undisclosed location, in Germany

Ukrainian President Volodymyr Zelenskiy announced that Kyiv is preparing a contract to acquire 25 U.S.-made Patriot air defense systems, a move aimed at significantly strengthening the country’s protection against Russian missile and drone attacks.

Speaking to reporters, Zelenskiy said the systems would be delivered gradually over several years, with Ukraine seeking priority access from European partners already in line for the advanced technology. The Patriot system is regarded as one of the most effective defenses against ballistic missiles, which travel at hypersonic speeds and have been a major threat to Ukraine’s infrastructure and cities.

The deal, once finalized, would mark one of Ukraine’s largest defense procurements since the start of Russia’s full-scale invasion. Zelenskiy emphasized that while the process is complex and long-term, the agreement represents a critical step toward ensuring Ukraine’s security in the years ahead.


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