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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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Liberals Brace for Tight Confidence Vote on Federal Budget

Finance Minister François-Philippe Champagne is applauded by members of the Liberal party as he delivers the federal budget speech in the House of Commons on Parliament Hill in Ottawa, Tuesday, Nov. 4, 2025. 

The federal Liberal government is heading into a crucial confidence vote on its budget, anticipating a razor-thin margin of victory. With opposition parties divided, the outcome will determine whether the government can continue to govern or face the prospect of an election.

Party insiders suggest that negotiations with smaller parties have been tense, but enough support has likely been secured to push the budget through. The vote is expected to highlight deep partisan divisions in Parliament, with critics arguing the budget fails to adequately address affordability and healthcare, while supporters emphasize investments in green energy and housing.

A narrow win would allow the Liberals to move forward with their fiscal plan, but the close result underscores the fragile balance of power in Ottawa and the challenges the government faces in maintaining stability.


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