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Canada’s Labour Market Surges in June, Defying Economic Forecasts

Canada’s job market delivered a pleasant surprise in June, as the national unemployment rate dipped to 6.9% , defying economists’ expectations of a rise to 7.1%. According to Statistics Canada, the economy added 83,000 jobs , marking the first significant employment gain since January. The bulk of the new positions were part-time roles , with 47,000 jobs  created in the private sector. Key growth sectors included wholesale and retail trade , which added 34,000 jobs, and health care and social assistance , which saw a boost of 17,000 positions. Even the manufacturing sector , previously hit by trade tensions, posted a modest gain of 10,000 jobs. This unexpected uptick in employment has prompted analysts to reconsider their forecasts for the Bank of Canada’s upcoming interest rate decision. While some had anticipated a rate cut, the strength of the June labour report may delay such moves. Despite the positive headline numbers, challenges remain. Student unemployment  remains ele...
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Stalemate in Gaza Truce Talks as Withdrawal Dispute Deepens

Efforts to broker a ceasefire in Gaza have hit a critical impasse, with both Palestinian and Israeli sources citing disagreements over troop withdrawal as the main obstacle. Negotiators in Doha are grappling with a U.S.-backed proposal for a 60-day truce, but Hamas has rejected Israel’s proposed withdrawal maps, which would leave approximately 40% of Gaza under Israeli control—including the entirety of Rafah and parts of northern and eastern Gaza.

Israeli officials insist on maintaining strategic positions, while Hamas demands a full retreat to lines held during a previous ceasefire before Israel resumed its offensive in March. The talks also face complications over humanitarian aid distribution and guarantees for ending the war, with both sides calling for increased U.S. intervention to break the deadlock.

Despite the setbacks, delegations remain in Qatar, and discussions are expected to continue. The war, which began on October 7, 2023, has resulted in over 57,000 Palestinian deaths and widespread devastation across Gaza. The humanitarian crisis and hostilities persist as negotiators search for common ground.

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