14:05:27 EST Mon 08 Dec 2025
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or Name
USA
CA



National Bank of Canada
Symbol NA
Shares Issued 390,951,507
Close 2025-12-05 C$ 170.76
Market Cap C$ 66,758,879,335
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Globe says TD, rivals hear jobless rate falls to 6.5%

2025-12-08 07:17 ET - In the News

See In the News (C-TD) Toronto-Dominion Bank

The Globe and Mail reports in its Saturday, Dec. 6, edition that Canadian employment increased in November for the third straight month as young people took on tens of thousands of jobs, quickly surpassing tepid economist predictions. The Globe's Susan Krashinsky Robertson writes that Canada's unemployment rate dropped to 6.5 per cent in November from 6.9 per cent in October, according to Statistics Canada. The decline was driven by an increase in part-time jobs and a decrease in youth unemployment, which had peaked in September. Over all, the economy added 54,000 jobs in November, bringing the cumulative increase in jobs for September through November to 181,000. Economists were expecting the country to shed 2,500 positions last month and for the jobless rate to nudge up to 7 per cent. Employment grew by 50,000 among youth aged 15 to 24 but was relatively unchanged for core-aged people (25 to 54) and older workers. The youth unemployment rate dropped to 12.8 per cent, from 14.1 per cent in October, the lowest it has been in nearly 20 months. Indeed Canada economist Brendon Bernard says, "It is still not exactly clear what has driven the improvement in job growth for younger people and whether it will last."

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