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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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U.S. Supreme Court Ruling on Presidential Immunity: Key Implications for Donald Trump

 

The recent U.S. Supreme Court ruling on immunity has significant implications for presidential power and accountability. Here are some key facts from the ruling:

  1. Presidential Immunity: The majority ruling states that presidents, including former President Donald Trump, have immunity from criminal prosecution when carrying out “official acts.” However, there is no immunity for unofficial acts. This decision is based on the constitutional separation of powers and the nature of presidential authority.

  2. Partisan Split: The ruling fell along partisan lines, with the six conservative justices voting in favor of immunity and the three liberal justices dissenting.

  3. Impact on Trump: In the short term, this ruling almost certainly helps Trump avoid further trials before the 2024 general election. The case has been sent back to the U.S. District Court for the District of Columbia to determine which elements of the indictment count as official and unofficial acts. Trump can use this opinion as a defense.

  4. Campaign Trail: Given the ongoing presidential campaign, this issue is likely to be a topic of discussion. Both political parties have raised concerns about perceived abuses of presidential power.

  5. Public Perception: By stating that presidents are not immune from prosecution for personal acts, the court emphasizes that the highest office in the land is subject to the same legal standards as everyone else.

In summary, the ruling creates a balance between immunity for official acts and accountability for personal conduct, impacting Trump’s pending criminal cases and shaping the public’s view of presidential power. 

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