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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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Greece Eyes Israeli Defense Systems for “Achilles Shield” Project

 

A PULS multiple rocket launcher miniature and artillery rockets by Israeli Elbit Systems is exhibited at the DEFEA Defence Exhibition, in Athens.


Greece has entered negotiations with Israel to purchase advanced missile and artillery systems as part of its ambitious plan to modernize national defense. The initiative, known as the “Achilles Shield”, aims to establish a multi-layered anti-aircraft and anti-drone defense dome to protect Greek airspace.

Officials confirmed that Athens is seeking to acquire 36 PULS artillery systems along with modern anti-aircraft platforms from Israeli defense contractors. Talks are expected to intensify in the coming months, with Greek companies contributing about 25% of the project’s work.

The deal is part of Greece’s broader €28 billion ($33 billion) defense modernization program, scheduled through 2036. Beyond missile systems, the plan includes purchases of stealth fighter jets, frigates, and submarines from the United States and Europe. Roughly €3 billion of the budget is earmarked specifically for the Achilles Shield project.

The move underscores Greece’s determination to bolster its defenses amid ongoing tensions with neighboring Turkey, its historic rival. By partnering with Israel, Athens signals a strategic pivot toward advanced defense technologies and closer military cooperation with regional allies.

If finalized, the acquisition would mark one of the most significant upgrades to Greece’s air-defense network in decades, replacing older systems with a modern, integrated shield against aerial threats.

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