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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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Historic Market Rally: Dow Achieves Record Point Gain Following Tariff Pause Announcement

                

In a dramatic turn of events, U.S. stock markets soared to unprecedented heights after President Donald Trump announced a 90-day pause on his sweeping global tariffs. The Dow Jones Industrial Average surged nearly 3,000 points, marking the largest single-day point gain in its history. The S&P 500 and NASDAQ also experienced remarkable rallies, with gains of over 9% and 12%, respectively.

The announcement came via a Truth Social post, where Trump stated that the pause would apply to most countries, accompanied by a reduced reciprocal tariff rate of 10%. However, tariffs on Chinese imports were raised to 125%, reflecting ongoing trade tensions.

This historic market rally follows a period of volatility and investor uncertainty, with fears of a global recession looming due to escalating trade wars. The pause provided much-needed relief, signaling a temporary reprieve for businesses and investors alike.

Big Tech stocks led the charge, with companies like Nvidia, Tesla, and Apple posting double-digit gains. Analysts described the day as a "dose of relief" for the markets, highlighting the significance of the announcement in stabilizing investor sentiment.

While the pause offers a moment of optimism, the long-term implications of the trade policies remain uncertain. For now, Wall Street celebrates a day that will be remembered as a milestone in financial history.

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