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

3 youths arrested for an alleged unprovoked attack with a hammer in Port Moody

During the physical altercation, one youth allegedly struck the victim with a hammer and another youth allegedly brandished a knife. A total of three suspects fled the scene and soon after, officers located them at a Skytrain station.

3 youths arrested for an alleged unprovoked attack with a hammer in Port Moody

Appointment of new Surrey Ethics Commissioner Peter Johnson

Mr. Peter Johnson is a partner with B.C. law firm, Stewart McDannold Stuart, and possesses more than 30 years of knowledge and experience providing legal advice and assistance to local governments throughout the province on a wide variety of matters.

Appointment of new Surrey Ethics Commissioner Peter Johnson

PBO: Plenty of immigration staff to meet goals

Yves Giroux says his office analyzed the cost of processing applications for economic immigrants through the express entry system for five fiscal years. For the 2022-23 fiscal year, the report said Immigration, Refugees and Citizenship Canada has 65 per cent more staff than needed to process applications on time.

PBO: Plenty of immigration staff to meet goals

Liberals remain under pressure on interference

Prime Minister Justin Trudeau announced Monday he will appoint a "special rapporteur" to probe foreign interference in Canada and recommend what more to do about it, among several measures aimed at responding to renewed scrutiny of the Liberal response so far.

Liberals remain under pressure on interference

Trudeau announces new supports for Ukraine

Canada will extend the Operation Unifier mission to provide engineering training in Ukraine until at least October, and Canadian medical trainers will be sent to help Ukrainian forces with combat medical skills.

Trudeau announces new supports for Ukraine

Eby: Feds need to reform bail system now

Eby, speaking at a news conference, says B.C. residents are "very frustrated — and rightly so — with the small group of repeat, violent offenders" who are "cycling in and out" of the justice system.