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Canada's 6.8% jobless rate boosts bets for 50-point interest rate cut
Canada had 1.5 million unemployed people in November, propelling its jobless rate to a near-eight-year high outside of the pandemic era and boosting chances of a large interest rate cut on Dec. 11. The jobless rate rose to a more than expected 6.
50 bps Bank of Canada rate cut 'seems more likely': Economists on the jobs numbers
The unemployment rate, meanwhile, jumped to 6.8 per cent from 6.5 per cent as more people looked for work. The forecast was for that rate to rise to 6.6 per cent. Here’s what economists think the numbers mean for the Bank of Canada as it ponders its next rate move on Dec. 11.
Stock market today: Wall Street rises after solid jobs data keeps hope alive for a coming rate cut
U.S. stocks are nearing their records after data suggested the job market remains solid enough to keep the economy going, but not so strong that it raises immediate worries about inflation
Wall Street adds to stock, rate cut bets after 'Thanksgiving buffet' jobs data
Investors raised their bets on the prospect of a U.S. interest rate cut this month, after payrolls data showed job growth came in roughly in line with expectations in November, while the euro dipped against the dollar as political turmoil gripped France.
49m
Canada’s economy ‘looks pretty weak’ following unemployment figures: CIO
Following a spike in Canada’s unemployment rate last month, one chief investment officer says borrowing costs need to come ...
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41m
Key take-aways from year-end results at Canada's biggest banks
Canada's big banks reported year-end financial results this week that showed mixed results as elevated interest rates and a ...
1h
Mexico doing all it can to protect trade agreement with US, Canada, official says
Mexico is doing everything it can to protect a regional trade agreement with the U.S. and Canada, the Latin American nation's ...
3d
on MSN
Trump suggests Canada become 51st state after Trudeau said tariff would kill economy: sources
President-elect Trump told Canadian Prime Minister Justin Trudeau his country should become the 51st state if it can't fix ...
3d
on MSN
Trump reportedly told Justin Trudeau that Canada should become the 51st state if it can’t deal with tariffs
Trump, 78, made the quip during a three-hour-long dinner with Trudeau at his Mar-a-Lago estate on Friday – a meeting prompted ...
5h
on MSN
Canada’s unemployment rate jumps to 6.8% in November
The November jobs figures are the final major economic data release before the Bank of Canada makes its last interest rate decision of the year on Dec. 11.
7d
VIEW Canada's economy expands by 1% in the third quarter
Canada's economy grew as expected at an annualized rate of 1% in the third quarter, according to data released on Friday, ...
2d
on MSN
How Canada Would Compare to Other 50 States After Reported Trump Comments
While Canada and the U.S. are close neighbors and historically close allies, it is very unlikely Canada will become the ...
Skift
2d
Air Canada Toughens Bag and Seat Rules for Basic Economy Travelers
Air Canada updates its basic economy fare rules, tightening carry-on and seating policies from January, with new fees for ...
7d
Instant View: Canada's Economy Expands by 1% in the Third Quarter
TORONTO (Reuters) - Canada's economy grew as expected at an annualized rate of 1% in the third quarter, according to data ...
1d
Canadians enraged after Air Canada announces carry-on baggage fees
The first carry-on bag costs $35, and the second costs $50. You’ll want to pay for it ahead of time. Customers who arrive at ...
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