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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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Israeli Strikes Target Hezbollah Strongholds Amid Rising Border Tensions

 

Smoke billows from the site of an Israeli airstrike that targeted the southern Lebanese village of al-Mjadel on December 4, 2025.


The Israeli military announced on Tuesday that it carried out a series of airstrikes against Hezbollah positions in southern Lebanon, escalating tensions along the volatile border. According to the Israel Defense Forces (IDF), the operation targeted a training compound used by Hezbollah’s elite Radwan Force, military structures, and a rocket launch site. The IDF described the strikes as necessary to neutralize threats that violated ceasefire agreements between the two countries.

Lebanese state media reported that the raids damaged homes in several villages, including Jbaa and al-Mjadel, sparking accusations from Beirut that Israel was intensifying hostilities and undermining fragile peace efforts. The strikes came less than a week after Israel and Lebanon sent envoys to a military committee tasked with monitoring the ceasefire, part of a U.S.-brokered initiative aimed at reducing cross-border violence.

Israel has accused Hezbollah of stockpiling weapons and reinforcing infrastructure in demilitarized zones, actions it says breach the terms of the 2024 ceasefire agreement. Lebanese officials, however, condemned the attacks as violations of sovereignty and warned of further instability if the strikes continue.

The latest escalation underscores the precarious balance along the Israel-Lebanon frontier. While both sides have publicly committed to de-escalation, repeated clashes highlight the fragility of the ceasefire and the risk of renewed conflict. With Washington pressing Beirut to disarm Hezbollah and Israel vowing to act against any perceived threat, the border remains a flashpoint in the wider regional struggle.

In summary: Israel’s strikes on Hezbollah sites mark a sharp escalation, raising fears of renewed conflict despite ongoing ceasefire talks.

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