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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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Devastating Explosion Rocks Bandar Abbas Port, Injuring Hundreds

 

A massive explosion at the Shahid Rajaee port in Bandar Abbas, southern Iran, has left at least 281 people injured, according to state media reports. The blast occurred on Saturday, April 26, 2025, and caused significant damage to the port, which is a key hub for container traffic and petrochemical activities.

Authorities have stated that the explosion originated from several containers stored in the port's wharf area. The exact cause of the incident remains under investigation, but negligence in handling flammable materials has been cited as a possible factor. Emergency response teams have been working tirelessly to evacuate and transport the injured to nearby medical facilities.

The explosion caused widespread destruction, shattering windows within a radius of several kilometers and creating a mushroom cloud visible from afar. Videos shared on social media showed thick black smoke billowing from the site and damaged buildings and vehicles in the vicinity.

This tragic event coincides with ongoing nuclear negotiations between Iran and the United States in Oman, adding a layer of complexity to an already tense situation. While no fatalities have been confirmed, the scale of the injuries and damage underscores the severity of the incident.

Rescue operations are ongoing, and authorities are urging caution as they continue to assess the situation. The Shahid Rajaee port, located near the Strait of Hormuz, plays a critical role in global trade, making this explosion a matter of international concern.

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