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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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Wall Street Opens 2025 with a Dip as Tesla's Delivery Woes Weigh Down Market


Wall Street kicked off 2025 on a somber note as the Dow Jones Industrial Average fell by 248.02 points (-0.58%) to 42,296.20. The S&P 500 and Nasdaq Composite also experienced slight declines, with Tesla's disappointing delivery figures being a significant drag on the market.

Despite the overall market downturn, there were some bright spots. Chipmakers Nvidia and Broadcom saw their shares rise, and crypto-linked stocks like **MicroStrategy** also gained. Analysts remain optimistic about the year ahead, predicting strong growth, albeit at a slower pace compared to previous years.

Investors are now looking ahead to see if the market can recover from this initial stumble and build momentum as the year progresses.




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