Interest rate - The Canadian Media

Canada’s unemployment rate in Oct falls to 6.9% in Oct from 71% in Sept

November 7, 2025November 7, 2025 - by cmedia

Ottawa/CMEDIA: With the addition of 67,000 jobs in Oct to the economy, Canadian unemployment rate fell to 6.9 in Oct against economists’ labour market expectations for a second month in …

Bank of Canada cuts its interest rate by three percent

January 30, 2025January 30, 2025 - by cmedia

Toronto/CMEDIA: Lowering its interest rate reportedly only by 25 basis points to three percent yesterday, The Bank of Canada justified its helplessness to do more to negate the economic impact …

Bank of Canada hikes benchmark interest rate by half a percentage point to 1.5%, predicts more hikes

June 1, 2022June 1, 2022 - by cmedia

Ottawa/CMEDIA: The Bank of Canada raising its benchmark interest rate by half a percentage point to 1.5 percent on Wednesday was widely expected as inflation had hit 6.8 percent in …