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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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Russia Open to Ukraine Peace Talks if Trump Initiates Them, Envoy Says

In a recent statement, Russia has expressed its openness to engage in peace talks to end the ongoing conflict in Ukraine, provided that the initiative comes from U.S. President-elect Donald Trump. Gennady Gatilov, Russia's ambassador to the United Nations in Geneva, emphasized that any negotiations would need to be grounded in the current realities of Russian advances.

Trump has been vocal about his criticism of the extensive Western aid provided to Kyiv and has promised to swiftly end the conflict, although he has not detailed his approach. His victory in the November 5 presidential election has raised concerns in Kyiv and other European capitals about the future level of U.S. support for Ukraine.

Gatilov acknowledged that while Russia welcomes the prospect of Trump initiating the political process, he remains realistic about the challenges ahead. He noted that any peace talks must reflect the situation on the ground, where Russian forces have made significant advances.

Ukrainian President Volodymyr Zelenskiy has consistently maintained that peace can only be achieved once all Russian forces are expelled and all territories, including Crimea, are returned to Ukraine. He has warned that any concessions to Russia would be unacceptable for Ukraine and detrimental to European security.

As the world watches closely, the potential for new dialogue between Russia and the United States under Trump's leadership presents a complex and uncertain path forward for the conflict in Ukraine.

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