National

Analysts expect jobless rate edged up in December

Darpan News Desk The Canadian Press, 10 Jan, 2025 11:30 AM

Statistics Canada will release the country's job report for December this morning.

November saw Canada's unemployment rate rise to 6.8 per cent — the highest jobless rate since January 2017 outside of the COVID-19 pandemic.

Analysts at RBC and BMO believe that number will have edged up again in December to 6.9 per cent, as the country's labour market continues to underperform.

The analysts also expect Canada added a modest 10,000 jobs in December.

The labour market survey comes ahead of the next Bank of Canada interest rate decision on Jan. 29.

Prev Next

MORE National ARTICLES

B.C. Securities Commission imposes $18 M in sanctions over crypto case

The British Columbia Securities Commission has imposed more than $18 million in sanctions on a cryptocurrency trading platform and its owner who it says diverted customers' assets to gambling and personal accounts. The commission says it has ordered David Smillie and his company, ezBtc, to pay $10.4 million representing the net amount they've gained from their customers "less repayments."

B.C. Securities Commission imposes $18 M in sanctions over crypto case

Searchers begin sifting at landfill for remains of slain First Nations women

Excavation and sifting started Monday of a section of a landfill believed to hold the remains of two slain First Nations women. Manitoba Premier Wab Kinew said he was at the site when the first truck moved a load of refuse from the area to a Quonset hut, where searchers are manually sifting through it in the hope of finding the remains of Morgan Harris and Marcedes Myran.

Searchers begin sifting at landfill for remains of slain First Nations women

Taylor Swift fans warned of fake ticket scams ahead of Vancouver concerts

The Better Business Bureau in British Columbia is warning Taylor Swift fans of scams ahead of the superstar's Vancouver concerts, highlighting one case in which a social media profile was allegedly hacked and used to sell fake tickets. It says $2,000 was stolen from fans hoping to attend the shows, which will be at BC Place on Friday, Saturday and Sunday.

Taylor Swift fans warned of fake ticket scams ahead of Vancouver concerts

Canada Post presents union with 'framework' to reach deal as strike continues

Canada Post has presented the union representing some 55,000 striking postal workers with a framework to reach negotiated agreements, the corporation said. A statement issued Sunday said the framework includes proposals to bring greater flexibility to Canada Post's delivery model and shows "movement on other key issues" in the labour dispute that's stretching into the holiday season.

Canada Post presents union with 'framework' to reach deal as strike continues

Poilievre calls for asylum seeker cap, border plan as U.S. tariff threat looms

Conservative Leader Pierre Poilievre has demanded the federal government present a plan before Parliament to beef up border security as U.S. president-elect Donald Trump threatens to impose stiff tariffs on Canada.

Poilievre calls for asylum seeker cap, border plan as U.S. tariff threat looms

U.S. Postal Service suspends accepting mail bound for Canada due to strike

The U.S. Postal Service has temporarily suspended accepting mail headed to Canada due to the strike by Canada Post workers. It is asking customers to refrain from mailing items addressed to Canada, until further notice: The move by the U.S. Postal Service comes after some 55,000 Canada Post workers walked off the job more than two weeks ago.