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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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Greece Strengthens Defense with €650M Israeli Rocket Deal

A PULS multiple rocket launcher miniature and artillery rockets by Israeli Elbit Systems is exhibited at the DEFEA Defence Exhibition, in Athens.



Greece’s parliament has approved the purchase of 36 PULS (Precise and Universal Launching System) rocket artillery systems from Israel’s Elbit Systems in a deal valued at approximately €650 million ($758 million). The decision, reached late Thursday in a closed session of the Defense and Foreign Affairs Committee, marks a significant step in Greece’s ongoing military modernization program.

The PULS system is capable of firing a wide range of rockets and missiles with ranges up to 300 kilometers, offering high-precision, all-weather strike capabilities. This acquisition is expected to bolster Greece’s defense posture along its northeastern border with Turkey and enhance protection of Greek islands in the eastern Aegean.

Officials confirmed that the purchase is part of Greece’s broader €28 billion military modernization plan running until 2036, aimed at rebuilding its armed forces after the 2009–2018 financial crisis and keeping pace with Turkey’s rapid military expansion. Greece and Israel already maintain strong defense ties, including joint military exercises and an air training center in southern Greece. The two nations are also in talks to develop a €3 billion anti-aircraft and missile defense dome, further deepening their strategic cooperation.

This deal underscores Greece’s determination to strengthen its defense capabilities amid regional tensions, while also reinforcing its partnership with Israel in both military and technological domains.

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