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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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Denmark Pushes Back as PM Urges Trump to Halt Greenland Annexation Threats

   The Danish flag flutters next to Hans Egede Statue in Nuuk, Greenland 

Denmark’s Prime Minister Mette Frederiksen has urged U.S. President Donald Trump to stop making threats about taking over Greenland, responding firmly to renewed comments from Trump about the island’s strategic value.

Frederiksen emphasized that the United States has no authority to claim any part of the Danish Kingdom and reiterated that Greenland “is not for sale.” She noted that Greenlanders have repeatedly expressed their desire for self‑determination and that discussions about annexation are inappropriate between close allies.

Trump’s remarks, made in a recent interview, revived earlier tensions over his interest in Greenland’s natural resources and military positioning. His comments also raised concerns in Copenhagen about the possibility of unilateral U.S. actions in the Arctic.

Greenland’s leadership echoed Denmark’s stance, stressing that the island is a self‑governing democracy and should not be treated as a geopolitical bargaining chip.

The exchange marks one of the most direct public disagreements between Denmark and the United States in recent years, highlighting the growing strategic importance of the Arctic region.


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