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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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Bitcoin Surpasses $100,000: A Landmark Achievement for Cryptocurrency

 

In a highly anticipated milestone, Bitcoin has finally breached the $100,000 mark. This significant achievement comes amid a surge in investor optimism following the election of President Donald Trump, who has signaled a more crypto-friendly regulatory environment.

The cryptocurrency's price soared past $100,000 late Wednesday night, reaching $101,512 at its peak. This rally was largely driven by Trump's nomination of Paul Atkins to chair the Securities and Exchange Commission (SEC). Atkins, known for his pro-crypto stance, is expected to ease the regulatory pressures that have previously hindered the industry's growth.

Bitcoin's journey to $100,000 has been marked by volatility, but the recent political developments have provided a much-needed boost. Analysts predict that this milestone could pave the way for further growth, with some even suggesting that Bitcoin could reach $125,000 by the end of the year.

Despite the celebratory mood, experts caution investors to remain vigilant. The cryptocurrency market is known for its unpredictability, and while the current trend is positive, it is essential to stay informed and cautious.

As Bitcoin continues to make headlines, the world watches with bated breath to see what the future holds for this groundbreaking digital asset.




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