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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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Wall Street Drifts Near Records Amid Global Market Lull

 

In today’s financial landscape, Wall Street finds itself in a state of cautious equilibrium. Here’s a snapshot of the current situation:

Market Overview

  • S&P 500: Hovering around its all-time high, with minimal movement.
  • Dow Jones Industrial Average: Up slightly by 31 points (0.1%).
  • Nasdaq Composite: Experiencing a slight dip of 0.3%.
  • Bond Market: Remains subdued, with Treasury yields showing marginal increases.
  • Stock Markets Abroad: Mixed performance across global exchanges.

Key Highlights

  1. DollarTree (DLTR): Shares plummeted approximately 14% after reporting weaker-than-expected results.
  2. Commodities: Benchmark U.S. crude oil prices surged by 2.3%.

Global Market Sentiment

  • France’s CAC 40: Edged up nearly 0.1%.
  • Germany’s DAX: Remained relatively unchanged.
  • Britain’s FTSE 100: Virtually flat.
  • Japan’s Nikkei 225: Slipped 0.3% after morning gains.
  • Australia’s S&P/ASX 200: Rose 0.2%.
  • South Korea’s Kospi: Gained 0.4%.
  • Hong Kong’s Hang Seng: Edged down nearly 0.1%.
  • Shanghai Composite: Dipped 0.4%.

Currency Trends

  • The U.S. dollar strengthened slightly against the Japanese yen.
  • Speculation surrounds Japan’s central bank potentially ending its super-easy monetary policy and raising rates.

As investors navigate economic indicators and global developments, Wall Street remains cautiously optimistic. Stay tuned for further updates as the market continues its delicate balancing act. 

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