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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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Trump Proposes Tariff Reduction Amid Trade Talks with China


In a surprising move, former U.S. President Donald Trump has suggested reducing tariffs on Chinese imports from 145% to 80% ahead of a crucial trade meeting between top U.S. and Chinese officials in Switzerland. This proposal marks a potential shift in the ongoing trade war, which has seen escalating tariffs from both nations.

Trump announced his stance on social media, stating that an 80% tariff "seems right" and urging China to open its markets to American goods. The upcoming discussions, led by U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer, aim to address concerns over the impact of tariffs on consumer prices and global trade stability.

The trade war, which began during Trump's presidency, has significantly affected both economies, with China retaliating against U.S. tariffs by imposing its own restrictions. While Trump had previously resisted lowering tariffs, his latest remarks suggest a willingness to negotiate if the talks yield positive results.

As global markets react to the possibility of reduced trade tensions, analysts are watching closely to see whether this proposal will lead to a meaningful agreement between the two economic giants. The outcome of the weekend talks could shape the future of U.S.-China trade relations and influence broader economic policies worldwide.

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