Skip to main content

Featured

Denmark Pushes Back as PM Urges Trump to Halt Greenland Annexation Threats

    The Danish flag flutters next to Hans Egede Statue in Nuuk, Greenland   Denmark’s Prime Minister Mette Frederiksen has urged U.S. President Donald Trump to stop making threats about taking over Greenland, responding firmly to renewed comments from Trump about the island’s strategic value. Frederiksen emphasized that the United States has no authority to claim any part of the Danish Kingdom and reiterated that Greenland “is not for sale.” She noted that Greenlanders have repeatedly expressed their desire for self‑determination and that discussions about annexation are inappropriate between close allies. Trump’s remarks, made in a recent interview, revived earlier tensions over his interest in Greenland’s natural resources and military positioning. His comments also raised concerns in Copenhagen about the possibility of unilateral U.S. actions in the Arctic. Greenland’s leadership echoed Denmark’s stance, stressing that the island is a self‑governing democracy and s...
Post a Comment
Read more

article

Labels

Population growth outpaces job creation in Canada

 


Canada’s labour market is facing a challenge as the number of people looking for work is growing faster than the number of jobs available. According to Statistics Canada, employment increased by 25,000 in November, but the unemployment rate rose to 5.8 per cent from 5.7 per cent in October. This is because the population aged 15 and over grew by 870,000, or 2.7 per cent, since the beginning of the year, while the net job gain was only 430,000.

The Bank of Canada has been raising interest rates to curb inflation, but this has also slowed down the economy and the demand for labour. Some economists expect the central bank to start cutting rates in the second quarter of next year to stimulate growth and stabilize the labour market.

The job gains in November were concentrated in the private sector, full-time work, manufacturing and construction. However, some industries, such as wholesale and retail trade, finance, insurance and real estate, saw job losses. Younger workers (15 to 24) also faced higher unemployment than other age groups.

Average hourly wages rose 4.8 per cent year over year in November, matching the increase in October. The Bank of Canada is monitoring wage growth for signs of inflationary pressure. Total hours worked across the economy fell 0.7 per cent in November, indicating a weak performance of gross domestic product that month.


Labels:

Comments

Post a Comment