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Canada's Jobless Rate Rises to 5.8%
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Canada's jobless rate rises to 5.8% in November, surpassing pre-pandemic levels, with a modest rise in employment. The labor market weakens, influenced by high immigration levels and a contracting economy.
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How might the high immigration levels in Canada affect the country's economy and labor market in the long term?
How might the weakening labor market impact consumer spending in Canada?
What measures can the Bank of Canada take to address the lingering inflationary pressures?
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