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Gaza Crisis Deepens as Israeli Strikes Kill 60 Amid Aid Shortages

  Israeli airstrikes have killed at least 60 people across Gaza, intensifying the humanitarian crisis in the region. The strikes targeted residential areas, including a family home and a school-turned-shelter, leading to significant civilian casualties.  Despite mounting international pressure, Israel has allowed only minimal aid into Gaza, far below the necessary levels to address the growing humanitarian needs. UN agencies report that while some trucks carrying food and medical supplies have entered, the amount remains insufficient compared to the 600 trucks per day that were permitted during a previous ceasefire.  The ongoing conflict has displaced nearly 90% of Gaza’s population, with many facing dire shortages of food, medicine, and shelter. International leaders, including those from Canada, France, and the UK, have urged Israel to ease restrictions and allow more humanitarian assistance.  As the situation worsens, calls for a ceasefire and increased aid contin...
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Canada’s Labor Market Adds 27,000 Jobs in May, Unemployment Edges Up to 6.2%


Canada’s economy saw a net increase of 26,700 jobs in May, according to Statistics Canada. However, the unemployment rate also ticked up to 6.2 per cent. Here are the details:

Key Points:

  • Job Growth: The increase in jobs was primarily driven by part-time employment, which surged by 62,000 positions. Unfortunately, full-time jobs declined by 36,000 during the same period.
  • Unemployment Rate: The uptick in the unemployment rate reflects the challenge of keeping pace with Canada’s population growth. Despite the modest job gains, the rate rose by a tenth of a percentage point.
  • Wage Growth: Average hourly earnings increased by 5.1 per cent year-over-year, catching the attention of the Bank of Canada. However, officials believe this strength is partly due to wages adjusting for consumer prices.
  • Central Bank’s Stance: The Bank of Canada recently cut interest rates for the first time in over four years, bringing the benchmark rate to 4.75 per cent. The central bank remains vigilant about inflation trends and will decide on further rate adjustments in July.

Outlook: While the rising unemployment rate may prompt further rate cuts, policymakers are closely monitoring economic conditions. Expectations for a rate cut at the Bank of Canada’s next meeting are now less certain.



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