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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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Trudeau and Trump Meet in Florida Amid Tariff Tensions


In a high-stakes diplomatic encounter, Canadian Prime Minister Justin Trudeau met with U.S. President-elect Donald Trump at Mar-a-Lago in Florida on Friday evening. The dinner meeting came just days after Trump announced his intention to impose sweeping tariffs on Canadian and Mexican products, a move that has sparked significant concern on both sides of the border.

Trump has pledged to implement a 25% tariff on all goods entering the United States from Canada and Mexico as one of his first executive orders. This decision, he claims, is aimed at curbing the flow of drugs and illegal migrants across the borders. Trudeau, in response, has warned that such tariffs would not only harm Canadian businesses but also raise prices for American consumers and disrupt the North American trade pact.

The dinner, which included key figures from both administrations, was described as a "positive wide-ranging" discussion that lasted three hours. Topics covered included trade, border security, and the ongoing issues related to fentanyl and migration. Despite the tension, both leaders expressed a willingness to work together to address these challenges.



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