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

Trudeau says G20 leaders' statement on Ukraine is not strong enough

Prime Minister Justin Trudeau said Tuesday the final leaders' statement from the G20 summit in Brazil is not strong enough on the war in Ukraine. He is also expressing some concern about the impact U.S. president-elect Donald Trump's return to the White House will have on global support for Ukraine.

Trudeau says G20 leaders' statement on Ukraine is not strong enough

Inflation rate rises to 2% in October, reducing odds of another jumbo rate cut

Canada's inflation rate climbed back up to two per cent in October, shifting expectations slightly in favour of a quarter-percentage point interest rate cut next month. The report from Statistics Canada on Tuesday said prices in October increased at a faster annual pace in five out of the eight major components of the consumer price index.

Inflation rate rises to 2% in October, reducing odds of another jumbo rate cut

Storm bringing rain and intense winds to Vancouver

Environment Canada said it could bring gusts of 120 km/h to the central and north coasts, with winds of 100 km/h or more elsewhere on the coast and Vancouver Island. It said the winds were expected to peak Tuesday night with severe weather likely to continue into Wednesday.

Storm bringing rain and intense winds to Vancouver

Canada Post, union sit down with mediator, but still ‘far apart’ as strike drags on

Representatives from Canada Post and the postal workers union sat down with a special mediator Monday, but seem no closer to reaching a deal as a countrywide strike enters its fifth day. In a statement, Canada Post said the parties "remain far apart" but that the Crown corporation continues to aim for a deal hammered out at the bargaining table.

Canada Post, union sit down with mediator, but still ‘far apart’ as strike drags on

'Profit ahead of people's lives': Trial begins in freezing deaths of migrant family

A family of four from India froze to death while trying to walk across the Canada-U.S. border in a blizzard because alleged human smugglers cared more about money than the risk of people dying, a prosecutor said Monday. The two men are accused of being part of an operation that brought people from India to Canada then across the border from Manitoba into Minnesota.

'Profit ahead of people's lives': Trial begins in freezing deaths of migrant family

Border agency says changes to hours at 35 land crossings coming in January

The Canada Border Services Agency says it will be adjusting hours at 35 land ports of entry in January -- a move it says will allow it to deploy officers at busier land crossings. Only one crossing in Alberta will be affected -- the facility at Del Bonita -- where hours will be 9 to 5, seven days a week, beginning January 6.