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Canada’s Job Market Gains Momentum as Unemployment Drops to 6.5%

  I n October, Canada gained 66,600 jobs and the unemployment rate dropped 0.2 percentage points to 6.9 per cent.  Canada’s labour market showed renewed strength in November , with the unemployment rate falling to 6.5% as the economy added 53,000 jobs . This marks a positive shift after months of slower employment growth, suggesting resilience despite global economic uncertainties. Key Highlights: Unemployment Rate: Down to 6.5%, the lowest in several months. Job Creation: 53,000 new positions added, driven largely by full-time employment. Sector Growth: Gains were seen in professional services, healthcare, and construction, reflecting strong demand across diverse industries. Regional Trends: Ontario and British Columbia led the way in job creation, while some provinces experienced more modest growth. Economic Context: Analysts note that the increase in employment could ease concerns about consumer spending and economic slowdown. However, wage pressures and infla...
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Ireland, Spain, and Norway Recognize Palestinian State: A Historic Move

                             

In a significant and historic development, Ireland, Spain, and Norway have officially recognized the state of Palestine. The move has drawn both praise and criticism from various quarters.

Recognition and Reactions

  • Ireland: Irish Prime Minister Simon Harris described the recognition as “an historic and important day for Ireland and for Palestine.” The decision was coordinated with Spain and Norway, with the aim of advancing the Israeli-Palestinian conflict toward a peaceful resolution through a two-state solution.

  • Spain: Spain’s Prime Minister Pedro Sanchez announced the recognition in the Spanish Parliament. European Union countries Spain and Ireland, along with Norway, have taken this step amid international outrage over the civilian death toll and humanitarian crisis in the Gaza Strip following Israel’s offensive.

  • Norway: Prime Minister Jonas Gahr Store and Foreign Minister Espen Barth Eide jointly made the announcement in Oslo. Israel’s Foreign Minister Israel Katz swiftly ordered the return of Israel’s ambassadors from both Norway and Ireland in response to the recognition.

Israel’s Reaction

Israel has expressed strong disapproval, considering this move a “gift to Hamas.” The recognition has further strained relations between Israel and the three European nations.

Formal Recognition Date

The formal recognition of the Palestinian state is set for May 28, 2024. This decision marks a significant milestone in the ongoing Israeli-Palestinian conflict and has implications for regional dynamics.


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