Unemployment Rate 2025 Canada 2025. The bank of canada today reduced its target for the overnight rate to 3¾%, with the bank rate at 4% and the deposit rate at 3¾%. The unemployment rate in canada was 6.6% in august 2025, and the percentage point change from july 2025 to august 2025 was +0.2*.

The unemployment rate in québec was 4.0% in august 2025 (compared with 3.0% in august 2023). The unemployment rate in canada was 6.4% in june 2025, and the percentage point change from may 2025 to june 2025 was +0.2*.