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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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Fragile Gaza Truce Struggles Amid Renewed Clashes

                                  Palestinians walk past the rubble of destroyed buildings in Gaza City

Efforts to sustain peace in Gaza remain tenuous as violence between Israeli forces and Hamas continues to undermine a ceasefire agreement signed in early October. Despite international acclaim for the truce, progress toward lasting stability has been slow, with fresh clashes highlighting the fragility of the deal.

On November 24, Israeli forces killed three Palestinians near the demarcation line separating areas of Israeli control. According to Palestinian medics, two were killed and another wounded by a drone strike east of Khan Younis, while a tank shell claimed another life in Gaza City. Israel’s military stated that its actions targeted “terrorists” crossing into restricted zones, posing an immediate threat to troops.

The ceasefire, brokered six weeks ago, was intended to halt two years of devastating warfare. However, reports suggest Israel has violated the truce nearly 500 times since it began, resulting in hundreds of civilian deaths, including women and children. Meanwhile, humanitarian efforts continue under the supervision of international coordination centers, but optimism is tempered by ongoing hostilities.

The United States and its allies are exploring contingency plans should the truce collapse entirely, including proposals for a civilian Palestinian administration to replace Hamas in governing Gaza. Yet, with demolitions of homes and infrastructure persisting—over 1,500 buildings reportedly destroyed since the ceasefire began—the situation remains volatile.

In summary, while the truce brought a brief respite, renewed violence and unresolved disputes threaten to unravel fragile progress, leaving Gaza’s future uncertain.


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