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Canada's Unemployment Rate Continues to Rise
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Bank of Canada's Mortgage Concerns and N...
Canada's Job Market Rebounds
Canada's Real Estate Market Challenges
Alberta's Budget Surplus Forecast
Australia's Central Bank Holds Rate
Australia's Central Bank Pauses Rate Hik...
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Canada's unemployment rate rose to 5.8% in November, surpassing pre-pandemic levels, with a modest increase in employment. Despite high immigration levels and a contracting economy, the labor market continues to weaken. Wage growth remains high, but is expected to cool as labor demand decreases relative to supply.
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How might the rising unemployment rate in Canada impact global trade and investment?
In what ways could the high wage growth in Canada affect the country's inflation rate and consumer purchasing power?
What measures can the Canadian government take to address the weakening labor market and stimulate economic growth?
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