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China Opens Its Doors to Canadian Travelers

                                                   Canadian Prime Minister Mark Carney and Chinese President Xi Jinping China has announced that Canadian tourists and business visitors will no longer need a visa to enter the country, marking a notable shift in the relationship between the two nations. Under the new policy, Canadians holding ordinary passports can visit China for up to 30 days without applying for a visa, whether for tourism, business, family visits, or transit. The decision is expected to streamline travel, reduce costs, and encourage more frequent exchanges between the two countries. Travel industry groups in Canada have already noted rising interest from travelers eager to take advantage of the simplified entry process. This move signals a warming of diplomatic ties and opens the door to increased cultural and eco...
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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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