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Canada’s Jobless Rate Rises to 6.8% Despite December Hiring

          A employee sorts batteries on a conveyor belt at a recycling facility in Port Colborne, Ontario. Canada’s unemployment rate climbed to 6.8% in December , even though the economy added 8,200 jobs during the month. The increase in unemployment wasn’t driven by widespread layoffs but by a surge in the number of people entering the labour force and actively looking for work. December Highlights Unemployment rate: Up from 6.5% to 6.8% Employment: Net gain of 8,200 jobs Labour force: Expanded significantly, outpacing job creation Full-time work: Increased Part-time work: Declined Why the Rate Rose Economists point out that the rise in unemployment reflects renewed labour market participation , not a weakening economy. More Canadians felt confident enough to start job hunting, but hiring didn’t keep pace with the influx of job seekers. This marks the fourth straight month of employment growth , yet December also saw the largest increas...
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Boost Your Credit Score and Save Money: Expert Tips


With household finances still tight for many Americans, increasing your credit score may be one way to save money. A recent study by LendingTree reveals that raising your credit score can have substantial financial benefits. Here are the details:

The Impact of a Higher Credit Score

  • Savings Potential: Increasing your credit score from fair (580 to 669) to very good (740 to 799) could save you a whopping $22,263 over the life of your credit and loans. Mortgages account for the largest portion of these savings, with an impressive $16,677.

  • Monthly Savings: Overall, consumers stand to save an extra $92 per month across various debt types, including auto loans, credit cards, mortgages, and personal loans. While this projected savings has decreased from a previous estimate, it’s still a significant amount that can make a difference in your financial well-being.

Expert Tips for Improving Your Credit Score

  1. Check Your Credit Report for Errors: Mistakes on credit reports are more common than you might think. About 1 in 5 consumers discover errors, and disputing these inaccuracies can lead to score improvements. Keep an eye out for any discrepancies and take action to correct them.

  2. Aim for a Higher Score: While a credit score above 700 is generally considered good, reaching 740 or higher opens up even more opportunities. With a higher score, you’ll qualify for better loan terms and lower interest rates. It’s worth the effort to boost your score and reap the long-term benefits.

Remember, improving your credit score isn’t just about numbers—it’s about securing your financial future. So take proactive steps, monitor your credit, and watch those savings add up! 

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