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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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Smart Strategies for a Budget-Friendly Summer Vacation

 

Here are some expert tips to help you save money on your upcoming summer getaway:

  1. Be Flexible on Location and Timing:

    • Research different destinations to get an idea of costs. Sometimes, what seems expensive might not be.
    • Consider flying mid-week (between Tuesday and Thursday) for cheaper flights.
    • Keep an eye on hotel and car rental prices; they can fluctuate.

  2. Leverage Credit Card Loyalty Programs:

    • Use credit card points for flights, hotels, cruises, and car rentals.
    • Air Canada’s Aeroplan rewards program offers benefits beyond flights.

  3. Create a Budget:

    • Set a daily spending limit for food, drinks, and other expenses.
    • Carry a debit or credit card for emergencies.

Remember, thoughtful planning can help you enjoy your vacation without breaking the bank! 

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