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5 Things to Know Today: 68,300 Jobs Lost, Loonie at 18-Month Low, BoC Hike Odds Fade

  CANADIAN MONEY BRIEF | SATURDAY, OCTOBER 10, 2026 Canada's job losses pile up, the loonie slides to an 18-month low and the Bank of Canada's rate-hike case weakens. Here's what matters for your wallet this long weekend. 1 Canada lost 68,300 jobs in September Statistics Canada reported 68,300 fewer jobs in September, far worse than the roughly 9,200 gain economists polled by Reuters expected. The unemployment rate rose to 6.5% from 6.4%. It follows a 41,700 drop in August, which means Canada has now lost a net 41,200 jobs in 2026 (versus a gain of 211,300 at this point last year). Education plus health care and social assistance lost 58,400 jobs, manufacturing fell by 12,700 and youth employment (ages 15 to 24) dropped by 48,000. The participation rate slid to 64.8%, its lowest in 29 years outside the pandemic. What it means for you: Average hourly wages for permanent employees rose 2.3% year over year, which is slower than August inflation of 3.0%. If your pay isn'...

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Israel Agrees to Gaza Ceasefire Framework: Now Awaiting Hamas’ Decision

 


In a significant development, Israel has essentially endorsed a framework for a proposed Gaza ceasefire and hostage release deal. The ball is now in Hamas’ court as they must decide whether to agree to it. A senior U.S. administration official revealed this information on Saturday, just a day before talks are scheduled to resume in Egypt.

The proposed framework includes a six-week ceasefire, which could provide much-needed relief to the conflict-weary region. Additionally, Hamas would be required to release hostages considered vulnerable, including the sick, wounded, elderly, and women. The Israelis have “more or less accepted” this proposal, according to the official. However, the final decision rests with Hamas, and efforts are ongoing to encourage their cooperation.

International mediators have been working tirelessly to broker this deal before the start of the Muslim holy month of Ramadan (around March 10). If successful, the agreement would allow aid to reach hundreds of thousands of desperate Palestinians in northern Gaza. These individuals are currently under the threat of famine due to the ongoing conflict.

In response to the dire situation, U.S. military planes have initiated airdrops of thousands of meals into Gaza. Jordan and Egypt have also conducted similar airdrops. However, aid groups emphasize that airdrops should be a last resort. Instead, they advocate for the opening of other crossings into Gaza and the removal of obstacles at the few existing ones.

The European Union’s diplomatic service has expressed concern over the chaos surrounding an aid convoy in Gaza. Many of the hundreds of Palestinians killed or wounded during the incident were hit by Israeli army fire. The EU calls for an international investigation, attributing the crisis to "restrictions imposed by the Israeli army and obstructions by violent extremists to the supply of humanitarian aid".

As the talks continue, the world watches with bated breath, hoping for a breakthrough that will alleviate the suffering of those caught in the crossfire.


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