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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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GTA Police Face Further Suspensions as Project South Probe Widens



The ongoing Project South corruption investigation has led to the suspension of additional police officers across the Greater Toronto Area, marking another significant development in a probe that has already shaken public confidence in local law enforcement.

According to police officials, the newly suspended officers are alleged to have engaged in misconduct connected to the broader investigation, which focuses on corruption, organized crime links, and breaches of trust within certain units. While specific details have not yet been released, authorities confirmed that the suspensions are part of an expanding internal review.

Project South, launched several years ago, has resulted in multiple arrests, charges, and disciplinary actions. The latest suspensions suggest that investigators are continuing to uncover new information, prompting further scrutiny of officer conduct.

Police leadership emphasized that the actions taken reflect a commitment to transparency and accountability. They also noted that the majority of officers continue to serve with integrity, and that rooting out corruption remains essential to maintaining public trust.

As the investigation continues, more updates are expected in the coming weeks.


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