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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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Tragedy Strikes: Israeli Airstrike on Gaza School Claims 80 Lives

 

In a devastating incident, an Israeli airstrike targeted a school-turned-shelter in Gaza City, resulting in the loss of at least 80 lives. Palestinian health authorities reported the casualties, making it one of the deadliest strikes in the ongoing 10-month conflict between Israel and Hamas. The Israeli military claimed that the strike hit a Hamas command center within the school, but evidence remains elusive. 

The Tabeen school, like many others in Gaza, had been providing refuge for displaced civilians forced to flee their homes due to the war. The tragedy unfolded during early morning prayers, catching people unaware and causing unimaginable suffering. The victims included women, children, and the elderly. 

As the world grapples with the human toll of this conflict, we must continue to seek peace and humanitarian solutions to prevent further loss of life.

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