The U.S. bank authority announced the Wednesday move will shift the country's benchmark rate to a range between 1.5 per cent and 1.75 per cent as it tries to tame soaring inflation.
Ottawa-Gatineau’s jobless rate held steady at 4.9 per cent in March as a surge in employment was offset by a big jump in the number of people hunting for work.
Statistics Canada says real gross domestic product grew 0.2 per cent in January, a month marked by restrictions due to a surge in COVID-19 cases.
The region gained 1,400 jobs last month, but that was more than offset by the 4,000 people who resumed their search for work, Statistics Canada said Friday.
Statistics Canada reported Wednesday that the annual pace of inflation climbed in December to 4.8 per cent, a pace that hasn't been seen since September 1991.