Skip to main content

Featured

Rising Tensions in the Gulf as Iran Threatens Oil Blockade

                                     An aerial view of the Iranian shores and Port of Bandar Abbas in the strait of Hormuz Iran has escalated regional tensions by declaring it will block all oil shipments from the Middle East if U.S. and Israeli attacks persist, prompting a stark warning from President Donald Trump of a far stronger American military response.  The Revolutionary Guards’ vow to halt “one litre of oil” from leaving the region has already rattled global markets, contributing to falling crude prices and surging equities as investors brace for potential disruption in the Strait of Hormuz—a vital chokepoint for global energy supplies. Trump responded by threatening unprecedented retaliation should Iran follow through, insisting the U.S. would strike “much harder” to ensure oil exports remain uninterrupted.  Despite the heated rhetoric, he expressed confid...
Post a Comment
Read more

article

Labels

Canada’s Job Market Remains Steady in December 2023



Canada’s economy added just 100 jobs in December and the unemployment rate held steady at 5.8 per cent, according to Statistics Canada. Employment growth slowed in the second half of 2023, averaging 23,000 per month, compared with the first six months of 2023, when it averaged 48,000 per month. At the same time, average hourly wages increased 5.4 per cent year-over-year, following a rise of 4.8 per cent in November.

Canada’s job market remained steady in December 2023, with the economy adding just 100 jobs and the unemployment rate holding steady at 5.8 per cent, according to Statistics Canada. The data agency said that employment was virtually unchanged from November, following an increase of 25,000 jobs the previous month. Employment growth slowed in the second half of 2023, averaging 23,000 per month, compared with the first six months of 2023, when it averaged 48,000 per month. At the same time, average hourly wages increased 5.4 per cent year-over-year, following a rise of 4.8 per cent in November. This is a significant increase in wages, which could help to offset the slower employment growth in the second half of the year.


Labels:

Comments

Post a Comment