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5 Things to Know Today: Job Losses, a Sliding Loonie and Budget 2026 (Nov. 7)

  Canadian Money Brief · Saturday, November 7, 2026 Canada’s job losses stretched to a third month, the loonie took its biggest one-day hit since January, and the federal budget landed with a few items for your wallet. Here’s what to know today. 1 Canada’s job market has now lost jobs three months in a row Statistics Canada said the economy shed 4,700 jobs in October, well short of the gain of about 13,600 economists expected. The unemployment rate rose to 6.7% from 6.5%, a six-month high. That follows losses of 42,000 in August and 68,000 in September, and the country has added just 17,000 jobs over the past 12 months. Alberta lost 24,000 jobs, youth unemployment climbed to 13.7%, and average hourly wages were up only 2.2% from a year earlier. What it means for you: Wages are rising 2.2% a year while September inflation was 3.1%, so paycheques are losing ground. If your income feels less certain, this is a good week to check that your emergency fund covers three to six months of ...
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Global Powers Rally for Lebanon: Aid and Ceasefire Amidst Crisis

 

In a bid to address the escalating humanitarian crisis in Lebanon, world powers convened in Paris to push for urgent aid and a ceasefire. The conference, attended by 70 government delegations and 15 international organizations, aimed to raise at least 500 million euros in humanitarian aid and support Lebanon’s security forces.

Lebanon’s caretaker Prime Minister Najib Mikati emphasized the dire situation, stating, "The storm we are currently witnessing is unlike any other, because it carries the seeds of total destruction, not only for our country, but for all human values as well". The conflict, primarily between Israel and Iran-backed Hezbollah, has resulted in over 2,000 deaths and displaced at least 1.2 million people.

Despite the significant turnout, expectations for concrete progress were low. The U.S., focused on its own diplomatic efforts, sent a low-level delegation, and key regional players like Saudi Arabia were represented by junior ministers. France, leveraging its historical ties with Lebanon, pledged 100 million euros in aid, while Germany committed 96 million euros.

The conference underscored the need to implement the 2006 U.N. Security Council resolution 1701, which calls for southern Lebanon to be free of any troops or weapons other than those of the Lebanese state. However, with ongoing hostilities and a complex geopolitical landscape, achieving a lasting ceasefire remains a formidable challenge.


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