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Canada Goes Bargain‑Hunting: Massive Boxing Day Sales Sweep the Nation

  Boxing Day has once again lived up to its reputation as Canada’s biggest shopping event of the year, with retailers across the country rolling out some of their steepest discounts. From early‑morning lineups at major malls to record online traffic, Canadians are diving head‑first into deals that span tech, fashion, home goods, and more. Major retailers like Best Buy, Walmart, Canadian Tire, and Lululemon are offering deep markdowns, with some items slashed by as much as 70–90%. Electronics remain the star attraction — laptops, TVs, gaming consoles, and smart home devices are among the fastest‑selling categories. Meanwhile, winter apparel and home essentials are seeing a surge as shoppers take advantage of rare seasonal price drops. Online shopping continues to dominate, with many Canadians opting to skip the crowds and shop from home. Retailers have responded by extending their digital sales, offering free shipping incentives and limited‑time “doorcrasher” deals throughout the...
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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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