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

Province to reduce harms of overdose crisis

The steering committee was formed in late May with the goal of having overdose prevention and response actions in place on B-C campuses for this year's fall semester.

Province to reduce harms of overdose crisis

Cyclist in hospital

Police in Vancouver are looking for witnesses after a 53-year-old cyclist was taken to hospital with serious injuries after a collision with a vehicle. They say the biker was struck on East 10th Avenue Clark Drive intersection around 6 a-m yesterday.

Cyclist in hospital

B.C. heat triggers burst of fire activity, new evacuation order in central Interior

The latest spans a portion of the District of Wells, about 80 kilometres east of Quesnel in the province's central Interior, where the BC Wildfire Service map shows a cluster of more than two dozen new fires in the area.

B.C. heat triggers burst of fire activity, new evacuation order in central Interior

Police say speed, intoxication contributed to crash that killed 3 in southeast B.C.

Police say the car left the road and crashed down an embankment. The Mounties say the three passengers were pronounced dead at the scene, while the driver was taken to hospital with serious but not life-threatening injuries.

Police say speed, intoxication contributed to crash that killed 3 in southeast B.C.

Eels writhe on Vancouver airport's tarmac after escaping from Air Canada cargo box

Air Canada Cargo says in a statement that it was handling a shipment of eels from Toronto to Vancouver on July 7 when one container box accidentally spilled during unloading.

Eels writhe on Vancouver airport's tarmac after escaping from Air Canada cargo box

Surrey Police to replace RCMP in Fall

Solicitor General Mike Farnworth says the deal sees the RCMP being replaced by the independent Surrey Police Service on Nov. 29 as part of a $250-million, 10-year agreement.