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Tariff Costs Put New Pressure on U.S. Corporate Profits

Rising tariff expenses are beginning to weigh heavily on U.S. companies, prompting executives across multiple industries to warn that profit margins may tighten in the months ahead. Many firms had initially suggested they could manage the added costs through efficiency improvements or selective price increases, but that confidence is fading as import-related expenses continue to climb. Companies that rely on global supply chains are feeling the strain most acutely. Higher costs on imported materials and components are forcing difficult decisions: pass the increases on to consumers, risking weaker demand, or absorb the costs internally, which directly erodes profitability. For many businesses, neither option is attractive. Consumer-facing brands are finding it especially challenging to raise prices further, as shoppers show growing sensitivity to even modest increases. This resistance limits the ability of firms to offset tariff-driven expenses, creating a squeeze that is beginning t...
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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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