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

Canadian rescuers return from Turkey quake zone

The 10-person Burnaby Urban Search and Rescue team, comprised of mostly first responders from the city's fire department, flew to Turkey with the blessing of the country's government. Arriving in Vancouver on a flight from Istanbul, members of the team touched down Tuesday afternoon following a weeklong deployment in the Turkish city of Adiyaman.

Canadian rescuers return from Turkey quake zone

Eby meets federal ministers on health priorities

Health Minister Jean-Yves Duclos says he expects Ottawa and B.C. to soon reach a flexible bilateral action plan on health issues involving family care improvements, mental health services, front-line worker supports and modernizing the work environment.

Eby meets federal ministers on health priorities

West Fraser Timber reports loss in fourth quarter

The company, which reports in U.S. dollars, says in the fourth quarter it faced dampened new home construction in the U.S. due to high interest rates, which weighed on its lumber business in particular.

West Fraser Timber reports loss in fourth quarter

MPs want transparency in Canada's sanctions regime

The committee launched a study of the Russian military buildup at the border with Ukraine shortly before Moscow chose to invade the country a year ago. Since then, Ottawa has sanctioned hundreds of people linked to Russia's war effort, as well as officials accused of human-rights breaches from Haiti to Sri Lanka.

MPs want transparency in Canada's sanctions regime

Avalanche kills two in B.C.'s backcountry

Search and rescue crews were notified when the victims were reported overdue and their bodies were later recovered from the scene of the avalanche. Avalanche Canada says the area of the slide was highly wind-affected, leaving some parts of the slope thin and rocky, while other sections had up to 130 centimetres of snow.

Avalanche kills two in B.C.'s backcountry

Pandemic support lowered B.C.'s child poverty rate

It's the largest one-year drop in the rate since 2000, but one in eight children were still living in poverty, and the report says rates were "dramatically higher" among children living on First Nation reserves and those who recently immigrated.