Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally.
– Statistics Canada reported that the Canadian economy added 54,000 new jobs in November, lowering unemployment by 0.4 of a point at 6.5 per cent. Economists had previously projected slight job losses. StatCan also said there were 26,000 fewer people in the labour market in November compared to October, making the jobless rate lower. Youth aged 15 to 24 added 50,000 jobs in November and the youth employment rate was at 55.3 per cent, up 1.7 points from the record low in July. The Bank of Canada will make its final interest rate decision of 2025 on Dec. 10.
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Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally. – Statistics…
– Netflix announced on Friday it has agreed to buy Warner Bros. Discovery’s film and television studios for US$72 billion, upending the global entertainment industry. The streaming giant fended off a similar offer from Paramount Skydance, as analysts believe Netflix is trying to reduce its reliance on other studios for content and lock up long-term rights for films and TV shows. The deal is expected to close in the third quarter of 2026 after Warner Bros. Discovery spins off its global networks unit, but will face questions over antitrust in the United States and Europe.
– Canadian Prime Minister Mark Carney will meet with U.S. President Donald Trump and Mexican President Claudia Scheinbaum in Washington, D.C. at the 2026 FIFA World Cup draw on Friday. It will be the first time all three leaders will meet in person. The Prime Minister’s Office said Carney will meet briefly with Trump at the Kennedy Center where the draw will take place, while Scheinbaum has not said whether she will have a private meeting with Trump. The three nations will renegotiate the Canada-U.S.-Mexico Agreement (CUSMA) next year, but Trump has indicated he would let it expire.
– Russian President Vladimir Putin visited Indian Prime Minister Narendra Modi in Delhi on Friday, with both leaders agreeing to an economic co-operation plan which would grow trade between the two countries to US$100 billion by 2030. Putin said Russia will continue to provide “uninterrupted fuel supplies” to India in the face of U.S. sanctions.
