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

Security tightens as Biden set to arrive in Ottawa

In downtown Ottawa Wednesday, about 20 police vehicles circled the area as U.S. flags were strung up near Prime Minister Justin Trudeau's official office and the main street in front of Parliament Hill. Meanwhile, workers were busy installing fences to prepare for the visit.

Security tightens as Biden set to arrive in Ottawa

Judge awards legal costs to former Vancouver mayor

B.C. Supreme Court Justice Wendy Baker's judgment says the defamation claims had "substantial merit," but found Stewart's statements were not malicious and were fair game because the issues were in the public interest and had been widely reported.

Judge awards legal costs to former Vancouver mayor

Ottawa to spend $1.5B on drugs for rare diseases

The federal government says it will spend up to $1.5 billion over the next three years to improve access to drugs used to treat rare diseases. Health Minister Jean-Yves Duclos says up to $1.4 billion of that money will be used to help provinces and territories expand coverage of new and existing drugs that treat rare diseases.

Ottawa to spend $1.5B on drugs for rare diseases

Biden visit puts defence spending under microscope

American presidents have a long history of pushing Canada to spend more on its military, including Barack Obama in a speech to Parliament in 2016. Such pressure has come as Canada consistently lags most of its allies in terms of defence spending as a percentage of its national GDP.

Biden visit puts defence spending under microscope

One man killed in West Vancouver homicide

A statement from West Vancouver police says the male victim was involved in an altercation with an unknown man just before 5 p.m. Tuesday. The statement does not confirm how the victim died.

One man killed in West Vancouver homicide

Suspect charged with mischief after more than 20 panes of glass were intentionally shattered at bus shelters: VPD

VPD officers responded to Granville and Georgia Street around 1:30 a.m. following reports that a man with a hammer was walking down the street and smashing glass at bus stops. Sergey Kurmanaev was taken to jail and has been charged with one count of mischief over $5,000.