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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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NDP Won’t Support Liberal $250 Rebate Plan Unless Eligibility Expanded: Singh


NDP Leader Jagmeet Singh has announced that his party will not support the Liberal government's $250 rebate plan unless it is expanded to include the most vulnerable Canadians. The current proposal, part of a broader affordability package, aims to provide $250 to more than 18.7 million Canadians who earned less than $150,000 in 2023.

Singh emphasized that the rebate should also cover seniors, students, people on disability benefits, and those who were unable to work last year. He initially supported the idea, believing it would benefit anyone earning under $150,000, but the current plan only includes those who had an income.

Finance Minister Chrystia Freeland's office responded, stating that it is "categorically false" to say seniors and people with disabilities are excluded, as many of them work and would qualify if they meet the income criteria.

The proposed measures are set to be included in the fall economic statement, with the GST holiday beginning in mid-December and lasting for two months.




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