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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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Faith Meets Film: Pope Francis Welcomes Hollywood Stars to Vatican

 

                    Spike Lee gave the pontiff a New York Knicks basketball shirt emblazoned with 'Pope Leo 14'.


Pope Francis recently hosted a gathering of Hollywood stars at the Vatican, underscoring the cultural power of cinema while lamenting the decline of traditional movie-going. The event brought together actors, directors, and producers in a dialogue about the role of storytelling in shaping values and inspiring hope.

The Pope praised film as a medium that can bridge divides and foster empathy, but expressed concern that fewer people are experiencing movies in theaters, where the communal aspect of watching together strengthens human connection. He encouraged filmmakers to continue creating works that uplift the human spirit and resist the trend toward isolation in entertainment consumption.

The Vatican’s embrace of Hollywood highlights the Church’s recognition of art as a vital force in modern society, capable of sparking reflection and dialogue across cultures.


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