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Global Airlines Halt Middle East Flights Amid Escalating US‑Israel Strikes on Iran

                                                      Flight maps showed the airspace over Iran virtually empty. Global air travel across the Middle East faced major disruption on Saturday as airlines suspended or rerouted flights following coordinated US and Israeli strikes on Iran. The sudden escalation left vast stretches of regional airspace—including Iran, Iraq, Kuwait, Israel, and Bahrain—nearly empty as authorities closed or restricted flight paths for safety.  Flight maps showed Iran’s skies virtually deserted after Israel confirmed strikes inside the country and the US launched additional attacks on Iranian targets. Iran responded with missile salvos, further heightening tensions and prompting carriers worldwide to halt operations across one of the busiest aviation corridors linking Europe and Asia.  Airline...
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Canada's Unemployment Rate Hits 6.8% in November: Highest Since January 2017

Canada's unemployment rate surged to 6.8% in November, reaching its highest level since January 2017, excluding the COVID-19 pandemic period. This increase comes despite the addition of 51,000 jobs during the month.

Statistics Canada's November labour force survey revealed that the rise in unemployment was driven by a growing number of people entering the job market, which outpaced job creation. The labour force participation rate increased by 0.3 percentage points.

Economists are closely watching these developments as the Bank of Canada prepares for its upcoming interest rate decision. With high interest rates cooling the labour market over the past year, many unemployed Canadians have faced longer periods without work.

The report also highlighted that 46.3% of unemployed Canadians in November had not worked in the last year or had never worked, up from 39.5% a year ago. Meanwhile, average hourly wages were up 4.1% from a year ago, marking a slowdown in annual wage growth.

As the country grapples with these economic challenges, the Bank of Canada's decision on interest rates will be crucial in shaping the future of the job market.



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