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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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Doctors in England Confirm Five-Day Strike After Rejecting Government Offer

 

The strike will add pressure to an already stretched healthcare service after NHS England warned last week that hospitals were facing a "worst-case scenario" from a wave of a super flu.


Resident doctors across England will stage a five-day strike beginning December 17, 2025, after overwhelmingly rejecting the government’s latest proposal aimed at ending their long-running dispute over pay and working conditions. The British Medical Association (BMA), which represents resident doctors—formerly known as junior doctors—announced that members voted against the package, which offered expanded specialist training posts and reimbursement for exam fees but did not include additional pay.

The strike, set to run until December 22, comes at a critical time for the National Health Service (NHS, England), which is already under severe strain from a surge in flu cases. Hospitals have reported record levels of admissions, raising concerns about patient safety during the walkout.

BMA resident doctors committee chair Dr. Jack Fletcher criticized the government’s offer as “too little, too late,” accusing Health Secretary Wes Streeting of failing to address the core issue of pay erosion. Fletcher emphasized that “tens of thousands of frontline doctors have come together to say ‘no’” to the deal, insisting that the strike remains avoidable if the government reopens negotiations.

Streeting, however, condemned the strike as “self-indulgent, irresponsible and dangerous,” warning that patient care could be jeopardized during the busiest winter period. He argued that the government’s proposal was designed to tackle the jobs crisis for doctors in England, but union members dismissed it as inadequate.

This latest action marks the 13th strike since March 2023, underscoring the depth of frustration among resident doctors who make up nearly half of the medical workforce. Their demands center on reversing years of real-terms pay cuts and securing fair compensation for the vital role they play in the NHS.

As the strike looms, public concern is mounting over the impact on hospital services, particularly with the “super flu” wave sweeping the nation. The government faces mounting pressure to find a resolution, but with talks stalled and trust eroded, the dispute shows no sign of ending soon.

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