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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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Trump's 10% Tariff: A Global Trade Shake-Up

The United States has begun enforcing President Donald Trump's controversial 10% tariff on imports, marking a significant departure from post-World War II trade norms. This "baseline" tariff, effective at U.S. ports and customs warehouses, is the first step in a broader strategy that includes higher levies on goods from major trading partners.

The move has already sent shockwaves through global markets, wiping out $5 trillion in stock value for S&P 500 companies and causing oil and commodity prices to plummet. Countries like Australia, the UK, and Saudi Arabia are among the first to face the new tariff, with even steeper rates set to impact the European Union and China in the coming weeks.

While the White House defends the tariffs as a response to trade imbalances, critics warn of escalating tensions and potential economic fallout. This seismic shift in U.S. trade policy is reshaping global dynamics, leaving nations scrambling to adapt.

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