Canada Produces a Jobs Surprise That Shifts the Outlook on Rates
Plus: Carney and Trump meet at the World Cup draw
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Canada had yet another head-scratcher of a jobs report. For the third straight month, employment gains surpassed expectations — blew well past them, in fact. The creation of 53,600 jobs in November, combined with a shrinking labor force, pushed the unemployment rate down 0.4 percentage points to 6.5%, its lowest level since July 2024.