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.

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WATCH: Darpan Cruiser In Your City presents Ganesh Utsav | PNE Fair | Back to School

Darpan Cruiser In Your City brings you highlights from some incredible events that took place over the weekend. The events featured the best of what the Lower Mainland has to offer in terms of entertainment, culture, music and much more.