Canada's unemployment rate increased to 6.8% in November, a near eight year high, according to a Stats Can Labour Force Survey.Backdrop for the increase is Canada's high taxes, more than all 50 U.S. states, economic stagnation and persistent problems with poverty and homelessness. Canada is also suffering a flight of investment capital across several industries as the wealth gap between the U.S. and Canada widens. "Justin Trudeau has devastated Canada’s economy," wrote federal Conservatives in a press release issued Friday. "Canada's labour force grew by 137,800, which is more than double the gains in jobs," Canada’s unemployment has increased since April 2023, rising by 1.7%. "Worse still, this report showed that only 12% of new jobs were created in the private sector," wrote Conservatives. "This is a direct result of Trudeau’s assault on businesses and private industries with his endless taxes and red tape."According to the Fraser Institute, Ottawa's escalating carbon tax will lead to 57,000 fewer jobs by 2030. According to economist Jack Mintz, the capital gains tax increase by the NDP–Liberal alliance will lower Canada’s GDP by $90 billion, real per capita GDP by 3% and employment by 414,000. "Over the last year, Canada only created 329,000 jobs as the country’s working population increased by 600,000," wrote Conservatives."This means the pool of workers has grown at nearly twice the pace as jobs are created, leaving more and more Canadians unemployed.""This follows another Statistics Canada report from last week that revealed that Canada’s GDP per capita has declined for six consecutive quarters while third quarter GDP slowed sharply to 1% annualized."
