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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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Eurovision Faces Turmoil as Nations Withdraw Over Israel’s Participation

 


The Eurovision Song Contest has been thrown into controversy after organizers confirmed that Israel will remain in the competition despite mounting calls for its exclusion. The decision, announced late Thursday, prompted immediate backlash from several countries, with Spain, Ireland, and others declaring they will withdraw in protest.

Critics argue that Israel’s inclusion undermines the contest’s spirit of unity and cultural exchange, while supporters insist that Eurovision should remain apolitical and open to all member nations. The withdrawals mark one of the most significant collective protests in the contest’s recent history, raising questions about how the event can balance artistic celebration with political sensitivities.

With tensions running high, the upcoming edition of Eurovision is set to be one of the most divisive in decades, as the absence of key countries reshapes the competition’s landscape and sparks debate across Europe.

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