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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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Markets Rally as Trump Prepares for Second Term

                                              

Investors are optimistic as Donald Trump returns to the White House, anticipating benefits from his pro-business agenda. Despite lingering concerns over his protectionist trade policies, the financial markets are hopeful that Trump's promises of tax cuts, deregulation, and immigration reforms will boost economic growth.

During his first term, the S&P 500 saw a significant rise, and many investors are eager to see if history will repeat itself. However, some remain cautious, aware that Trump's tariff plans could potentially increase inflation and impact bond and stock prices.

As Trump gears up to implement a wave of executive orders targeting key policy areas, the cryptocurrency industry is particularly excited about the potential loosening of regulations. Wall Street CEOs have expressed confidence that the incoming administration will be business-friendly, which has already lifted bank stocks and sent cryptocurrencies soaring.

While the markets are currently optimistic, the true impact of Trump's policies will unfold over time, and investors are advised to stay vigilant.




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