Canada's job market grows as unemployment falls to 6.7% while Trump threatens tariffs

Canada's job market showed strong growth in December 2024, adding 91,000 jobs and lowering the unemployment rate to 6.7%. This broad-based increase suggests a positive response to the Bank of Canada's easing monetary policy. Donald Trump has threatened to use "economic force" to push for a political union with Canada and plans to impose tariffs on Canadian exports. In response, Canada is considering retaliatory tariffs on various American goods. A recent survey reveals that only 16% of Canadians believe their children will be financially better off than they were. This sentiment reflects a broader concern about economic prospects, tying Canada with Japan for the second-lowest confidence level.