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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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Alberta Pushes Controversial Bill Shielded by Notwithstanding Clause

 

Alberta Premier Danielle Smith and Minister of Justice Mickey Amery make their way to announce proposed changes to several pieces of democratic process legislation, in Edmonton on Tuesday April 29, 2025. 



Alberta’s United Conservative government has once again turned to the Charter’s notwithstanding clause, passing a bill that directly impacts transgender citizens. The legislation, approved in the early hours of Wednesday morning, marks the fourth time in under two months that Premier Danielle Smith’s caucus has used the clause to override Charter rights protections.

The bill shields three existing laws from ongoing court challenges. These laws include restrictions on gender-affirming care for youth, requirements for parental consent before students under 16 can use preferred names or pronouns in schools, and limitations on women’s amateur youth sports to athletes whose sex was recorded female at birth.

During the final vote, United Conservative Party (UCP) members celebrated by pounding their desks and shouting “Hear, hear!” while the Opposition NDP expressed dismay, shaking their heads at the outcome. Debate was expedited, with the government limiting discussion to just one hour per stage, ensuring swift passage of the bill.

Premier Smith defended the move, arguing that ongoing legal challenges created “too much uncertainty” and that invoking the clause was necessary to protect children and maintain clarity in provincial policy. Critics, however, warn that Alberta’s repeated reliance on the notwithstanding clause sets a troubling precedent, undermining Charter protections and disproportionately targeting transgender youth and women.

This latest decision intensifies the debate over the balance between provincial authority and constitutional rights, placing Alberta at the center of a national conversation about the limits of government power and the protection of minority communities.

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