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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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Farmers Rally in London Against Inheritance Tax Changes

 

Thousands of farmers from across the UK gathered in London today to protest against the government’s recent changes to inheritance tax rules. The demonstration, one of the largest in recent memory, saw farmers marching through Westminster, voicing their concerns over the potential impact on their livelihoods and the future of British farming.

The new tax reforms, announced in the latest budget, will impose a 20% inheritance tax on farms valued over £1 million starting from April 2026. Farmers argue that this change will force many to sell parts of their land to cover the tax bill, threatening the continuity of family-run farms and impacting food security.

Max Sealy, a representative of the National Farmers’ Union (NFU), expressed the widespread frustration: "This is a bad tax - it’s been badly implemented because it will affect growth productivity in the country". The protest drew support from various public figures, including TV presenter and farm owner Jeremy Clarkson, who urged the government to reconsider the policy.

Despite the government’s assurances that only the wealthiest estates will be affected, farmers remain unconvinced. They cite data suggesting that a significant portion of farms will fall under the new tax threshold, contrary to the government’s estimates.

As the protest continues, the NFU plans to lobby MPs, hoping to reverse the changes and secure a more favorable outcome for the farming community.


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