Canada Post strike continues, Canada’s unemployment rate jumps and Air Canada’s new carry-on fees: Business and investing stories for Dec. 8Canada’s unemployment rate jumped to its highest level since January 2017, bolstering bets for another outsized interest-rate cut at the next Bank of Canada policy meeting.
Canada Post and the union representing more than 55,000 striking workers appear closer to resuming negotiations as the strike enters its fourth week. The Canadian Union of Postal Workers said it sent new counter-proposals to the mediator in the hopes that talks can resume. Canada Post said it’s reviewing them. The federal mediation wasSean Kilpatrick/The Canadian Pressfell to the lowest
it’s been this year, according to Statistics Canada data. In October, Canada exported $6.2-billion more in goods to the United States than it imported from that country. For Canada, that was the smallest trade surplus with the U.S. since mid-2023. U.S. president-elect Donald Trump, who has long complained about the U.S. trade deficit with Canada, threatened tariffs on exports last month – and the most recent data highlights the risk of a tariff battle.