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

Trudeau to present new health offer to premiers

The provinces budgeted about $204 billion for health care in this fiscal year and the Canada Health Transfer was set at $45 billion, or about 22 per cent of that. The premiers want the federal share to increase to 35 per cent.

Trudeau to present new health offer to premiers

Canada announces $10 million in earthquake aid

The death toll of Monday's earthquake has surpassed 6,200 and is expected to rise as search and rescue operations continue. Turkish Canadians have also stepped in to raise funds and collect donations to send to their country of origin.

Canada announces $10 million in earthquake aid

U.S. actor charged in Nevada also charged in B.C

The 46-year-old Chasing Horse remains behind bars in the U.S. after being formally charged Monday in North Las Vegas with counts including sex trafficking, sexual assault against a child younger than 16, and child abuse.

U.S. actor charged in Nevada also charged in B.C

B.C. to have a reconciliation holiday in September

Labour Minister Harry Bains introduced a bill in the legislature today, saying the holiday will be observed this September and every Sept. 30 afterwards. He says the B.C. holiday follows the federal government's decision in 2021 to declare Sept. 30 a national truth and reconciliation holiday for its workers.

B.C. to have a reconciliation holiday in September

Drought water restrictions lift on Sunshine Coast

In October, the regional district said the reservoir — which serves about 90 per cent of residents in the area — was at risk of "imminent exhaustion" as southern B.C. recorded an unseasonably dry summer and warm fall.

Drought water restrictions lift on Sunshine Coast

B.C. aims to put surplus to work despite downturn

The government's throne speech, read by Lt.-Gov. Janet Austin in the legislature today, outlines a political agenda for the coming months that includes a plan to support people amid rising costs now and in the long term.