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

Canada's residential mortgage debt rises 6 percent

Canada's total residential mortgage debt has climbed six per cent in the past year to 2.08-trillion-dollars. But Canada Mortgage and Housing Corporation says the rate of growth has actually slowed compared with recent years.

Canada's residential mortgage debt rises 6 percent

4 arrested and $13M seized in drugs in crime: VPD

Four people have been arrested and about 13-million-dollars in drugs have been seized as part of an ongoing investigation by Vancouver Police. Police say the drug seizures happened in March, when officers executed search warrants at various downtown locations.

4 arrested and $13M seized in drugs in crime: VPD

BC earmarking 2M for oceans

The new Climate Ready B-C Seafood Program will fund marine carbon removal technologies as well as research and testing into acidification and low oxygen levels in the water. The program is being delivered by the Ocean Decade Collaborative Centre, a division of Tula Foundation.

BC earmarking 2M for oceans

3 charged in drug bust

The investigation progressed and in November 2020, CFSEU-BC investigators executed search warrants at four residences, two located in Burnaby, one in Vancouver, and one in Abbotsford. Two men and one woman were charged last week with a series of offences including trafficking and possession for the purpose of trafficking.

3 charged in drug bust

School bus on B.C.'s Sunshine Coast tips over, injuring driver

Police say a school bus tipped over on B.C.’s Sunshine Coast, sending the driver to the hospital with minor injuries. The crash happened at 8:37 a.m. on the side of Highway 101 in Madeira Park, about 100 kilometres northwest of Vancouver.

School bus on B.C.'s Sunshine Coast tips over, injuring driver

Teen driver arrested for going double the speed limit

A B-C Highway Patrol officer says the teen was travelling at a speed of up to 209 kilometres per hour in a 100 kilometres per hour zone last week. The driver is facing multiple charges and is set to appear in court next month.