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Canada’s Job Market Gains Momentum as Unemployment Drops to 6.5%

  I n October, Canada gained 66,600 jobs and the unemployment rate dropped 0.2 percentage points to 6.9 per cent.  Canada’s labour market showed renewed strength in November , with the unemployment rate falling to 6.5% as the economy added 53,000 jobs . This marks a positive shift after months of slower employment growth, suggesting resilience despite global economic uncertainties. Key Highlights: Unemployment Rate: Down to 6.5%, the lowest in several months. Job Creation: 53,000 new positions added, driven largely by full-time employment. Sector Growth: Gains were seen in professional services, healthcare, and construction, reflecting strong demand across diverse industries. Regional Trends: Ontario and British Columbia led the way in job creation, while some provinces experienced more modest growth. Economic Context: Analysts note that the increase in employment could ease concerns about consumer spending and economic slowdown. However, wage pressures and infla...
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Trade Tensions Escalate as Trump Maintains Tariffs Amid Ford's Policy Shift

 

In a recent development, U.S. President Donald Trump has decided to keep the 25% tariffs on steel and aluminum imports intact, despite Ontario Premier Doug Ford's decision to lift the electricity tax on U.S.-bound energy. The tariffs, initially imposed as part of a broader trade strategy, have been a point of contention between the two nations.

Ford's move to remove the electricity tax was seen as an olive branch to ease trade tensions. However, Trump's administration has opted to maintain the tariffs, citing the need to protect domestic industries. This decision has sparked mixed reactions, with some applauding the commitment to American manufacturing, while others criticize the potential strain on U.S.-Canada relations.

The ongoing trade dispute underscores the complexities of international economic policies and their far-reaching implications. As both leaders stand firm on their respective stances, the path to resolution remains uncertain.

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