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Canada's Unemployment Rate Rises Above Pre-Pandemic Levels
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Bank of Canada Raises Interest Rates Ami...
Bank of Canada's Economic Challenges
Bank of Canada's Rate Dilemma
Bank of Canada's Divergence from Fed
Canada's Budget for Rate Cut Conditions
Canada's Economy Stays Flat
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Canada's unemployment rate of 5.8% in November surpasses pre-pandemic levels, reflecting a struggling economy. The Bank of Canada's rate increases aim to curb inflation. Average hourly wages rise above target, but there is a decrease in total hours worked. Employment increases in manufacturing and construction but decreases in finance and retail sectors.
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How are the Bank of Canada's rate increases impacting other sectors of the economy?
What are the potential implications of the rise in unemployment for the Canadian job market?
What factors are contributing to the decrease in total hours worked?
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