The benchmark interest rate in Canada was last recorded at 2.75 percent. This dataset provides - Canada Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In May 2025, global inflation rates and central bank interest rates showed significant variation across major economies. Most economies initiated interest rate cuts from mid-2024 due to declining inflationary pressures. The U.S., UK, and EU central banks followed a consistent pattern of regular rate reductions throughout late 2024. In early 2025, Russia maintained the highest interest rate at 20 percent, while Japan retained the lowest at 0.5 percent. Varied inflation rates across major economies The inflation landscape varies considerably among major economies. China had the lowest inflation rate at -0.1 percent in May 2025. In contrast, Russia maintained a high inflation rate of 9.9 percent. These figures align with broader trends observed in early 2025, where China had the lowest inflation rate among major developed and emerging economies, while Russia's rate remained the highest. Central bank responses and economic indicators Central banks globally implemented aggressive rate hikes throughout 2022-23 to combat inflation. The European Central Bank exemplified this trend, raising rates from 0 percent in January 2022 to 4.5 percent by September 2023. A coordinated shift among major central banks began in mid-2024, with the ECB, Bank of England, and Federal Reserve initiating rate cuts, with forecasts suggesting further cuts through 2025 and 2026.

Bank Lending Rate in Canada remained unchanged at 4.95 percent in July. This dataset provides - Canada Prime Lending Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Rates have been trending downward in Canada for the last five years. The ebbs and flows are caused by changes in Canada’s bond yields (driven by Canadians economic developments and international rate movements, particularly U.S. rate fluctuations) and the overnight rate (which is set by the Bank of Canada). As of August 2022, there has been a 225 bps increase in the prime rate, since beginning of year 2022, from 2.45% to 4.70% as of Aug 24th 2022. The following are the historical conventional mortgage rates offered by the 6 major chartered banks in Canada in the past 20 years.

Evaluate Canada’s best mortgage rates in one place. RATESDOTCA’s Rate Matrix lets you compare pricing for all key mortgage types and terms. Rates are based on an average mortgage of $300,000

Canadian lumber wholesalers have grappled with global lumber price volatility, creating challenging conditions both for wholesalers and for downstream clients like construction contractors, home improvement stores and hardware stores. In 2021 and 2022, the price of lumber soared globally as demand for new construction soared, especially in the United States. While exports and imports are not tracked at a wholesale level, many companies do sell across the border; as a result, conditions in the United States affect revenue. As lumber prices and Canadian residential construction activity have fallen from their respective 2021 and 2022 peaks, so too has revenue for the Lumber Wholesaling industry in Canada. With industry revenue forecast to remain level in 2025 alone, the overall industry is expected to have decreased at a five-year CAGR of 1.8% to reach $15.6 billion in 2025. The fate of wholesalers has largely been tied to the volatility of downstream construction markets. High interest rates stifled previously hot residential construction markets in both Canada in the US till both the Bank of Canada and the Federal Reserve began cutting rates. While this is set to improve construction activity, and therefore demand for lumber, both the Bank of Canada and the Federal Reserve have held rates steady in their most recent 2025 decisions as volatile US-Canada tariff policy has created an uncertain economic situation. The US and Canada have had an ongoing trade dispute over lumber prices since before the US put in place broader tariffs in April 2025. The uncertain business environment caused in part by these tariffs has kept the average industry profit margin from expanding through the end of 2025. Lumber wholesalers are expected to see growth moving forward. Interest rates are expected to be gradually cut over the coming years, stimulating demand from downstream construction markets. In tandem, the selling price of lumber is expected to climb, though it will not likely see the rampant inflation of recent years. Demand for housing construction in Canada demand is also set to remain strong into the near future. Consequently, industry revenue is forecast to expand at a CAGR of 1.4% to $15.6 billion over the five years through 2030.

Inflation Rate in Canada increased to 1.90 percent in June from 1.70 percent in May of 2025. This dataset provides - Canada Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Through the end of 2024, heavy engineering construction contractors have benefited from the federal government's strong commitment to closing Canada's infrastructure gap. Since its conceptualization, the federal government's Investing in Canada Plan, a 12-year, $180.0 billion fund for local and regional infrastructure, has underpinned growth. Heavy engineering construction companies' revenue has been expanding at a CAGR of 2.8% over the past five years and is expected to total $72.7 billion in 2025, when revenue will increase an estimated 1.4% and profit will have seen an overall expansion as demand has remained strong while purchase cost inflation has cooled. Heavy engineering construction contractors have not only benefitted from climbing federal investment but also growing private investment. The government has supported private investment through Public-private Partnerships Canada, a Crown corporation tasked with increasing the private sector's role in providing public infrastructure. Private sector support has greatly benefitted contractors. Higher commodity prices led to an uptick in mining infrastructure spending over the past five years. Also, supply chain bottlenecks led to investments in expanding port capacities. Capital expenditures on railroad tracks have also expanded. However, private investment has also been stifled by high interest rates, which have drove up the cost of capital. The Bank of Canada raised or maintained rates from early 2022 through mid-2024. A sustained period of cuts is expected to contribute to growth in 2025. Heavy engineering construction contractors will benefit from steady government support and a more attractive investment climate as the Canadian economy recovers. Expanding energy infrastructure investments will also promote growth. Tax credits and the Smart Renewables and Electrification Pathways Program will promote investment into hydropower plants, bolstering the performance of heavy engineering construction contractors. Contractors do face the threat of a potentially escalating trade war between the US and Canada, which could impede cross-border business and drive up input costs. Still, heavy engineering construction revenue is expected to rise at a CAGR of 2.1% to $80.5 billion through the end of 2030.

A graphic that displays the dollar performance against other currencies reveals that economic developments had mixed results on currency exchanges. The third quarter of 2023 marked a period of disinflation in the euro area, while China's projected growth was projected to go up. The United States economy was said to have a relatively strong performance in Q3 2023, although growing capital market interest rate and the resumption of student loan repayments might dampen this growth at the end of 2023. A relatively weak Japanese yen Q3 2023 saw pressure from investors towards Japanese authorities on how they would respond to the situation surrounding the Japanese yen. The USD/JPY rate was close to ***, whereas analysts suspected it should be around ** given the country's purchase power parity. The main reason for this disparity is said to be the differences in central bank interest rates between the United States, the euro area, and Japan. Any future aggressive changes from, especially the U.S. Fed might lower those differences. Financial markets responded somewhat disappoint when Japan did not announce major plans to tackle the situation. Potential rent decreases in 2024 Central bank rates peak in 2023, although it is expected that some of these will decline in early 2024. That said, analysts expect overall policies will remain restrictive. For example, the Bank of England's interest rate remained unchanged at **** percent in Q3 2023. It is believed the United Kingdom's central bank will ease its interest rate in 2024 but less than either the U.S. Fed or the European Central Bank. This should be a positive development for the pound compared to either the euro or the dollar.

Unemployment Rate in Canada decreased to 6.90 percent in June from 7 percent in May of 2025. This dataset provides - Canada Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Management consultants in Canada continue to drive considerable demand from a wide range of clients, as the vital nature of their services remains a core calling card for a variety of clients. Inflation volatility in recent years, which peaked at 8.1% in 2022 per the Bank of Canada, hampered individual clients’ capability of securing long-term commitments from consultants and encouraged in-house alternatives. Despite this, the economic downturn caused some customers to invest in countercyclical services such as restructuring, cost-cutting and risk management advice. Financial managers and manufacturers were particularly demanding of consulting services, as they sought to navigate a shaky economy and craft quality plans to ensure their investments are protected. Growing adoption of ESG standards incentivized specialized consultant demand, as companies sought advisory services and guidance to ensure ESG adoption met regulatory requirements. Revenue grew an annualized 2.4% to an estimated $26.2 billion over the past five years, including an estimated 1.4% boost in 2025 alone, with profit benefiting from stabilized macroeconomic conditions. Macroeconomic conditions and technological change have been critical factors impacting consultants’ demand. Strong corporate profit growth, which rose an annualized 6.5% over the past five years, allowed clients to procure a wider range of consulting services that focused beyond traditional strategic planning and into more data-driven tasks such as economic research. The adoption of AI and new technologies emerging in the market, such as blockchain, created newfound demand niches for specialized consultants well-versed in technologies and their impact on sector-wide trends such as data processing. Major consultancies, such as Accenture Plc, have even made their own acquisition moves across the AI space to strengthen their service offering and boost client consultation quality. Moving forward, consultants are poised for steady growth over the next five years, even as wider economic conditions remain uncertain. Anticipated GDP growth will enhance clients’ investment capabilities and strengthen the need for consultants well-versed in financial markets and risk management. The growing emphasis on Environmental, Social and Governance (ESG) criteria and sustainability practises will continue to drive demand for specialized consulting expertise, as companies aim to adopt more sustainable investment strategies. Although AI adoption will continue enhancing incumbent service efficiency, it will also lead to higher in-house competition, as companies look to move away from external services in favour of cost-efficient, in-house advisory services. Revenue is expected to grow an annualized 2.1% to an estimated $29.1 billion through the end of 2030.

Accounting services continue to benefit from stable downstream demand and strong recovery in consumer markets following a period of inflationary volatility in 2022. The mandatory nature of niche accounting services, such as bookkeeping and auditing, continues generating consistent demand among clients looking to ensure regulatory compliance and accurate tax filing as mandated by law. Changes in federal tax policy, such as the Digital Services Tax, provided greater client interest in professional accountants to ensure clients are accurately paying what they owe. Despite this, shifts in economic conditions created some instability for accountants in recent years. The inflation spike in 2022 and subsequent interest rate hikes, which peaked at 5.0% in 2023 per the Bank of Canada, severely consumer spending and corporate profit, making it difficult for many businesses to afford discretionary accounting services (e.g. consulting) and causing more companies to pivot to in-house alternatives. While conditions have since stabilized, continued uncertainty surrounding the direction of interest rates and inflation is hindering larger rates of growth. Nonetheless, strong business growth and households earning over CA$100,000 provided lucrative revenue niches for accountants. Revenue grew at a CAGR of 1.7% to an estimated CA$18.3 billion over the past five years, including an estimated 1.6% boost in 2025 alone. An evolving landscape and continuous investment in automated technology significantly impacted accountants’ workflow and profit margin. Growing AI investment from Big Four accounting firms, such as Deloitte and PwC, bolstered service efficiency and allowed basic accounting tasks, such as data organization and tax analysis, to be automated. Incumbent companies also improved their service offerings to include tax consulting and full-service consulting packages, which not only diversified their revenue streams but also helped them stand out in a competitive market. Moving forward, accountants are poised to benefit from stable macroeconomic conditions and positive trends across consumer and commercial markets. The anticipated rise in new business formations and consolidation in sectors such as finance and insurance will likely drive demand for accounting services. Continued acceleration of AI will also play a significant role, enabling firms to automate routine tasks, cut wage costs and boost profit. At the same time, the growing focus on ESG (environmental, social and governance) reporting and sustainability will open up new revenue streams for providers that can offer specialized expertise in these areas. Revenue is expected to grow at a CAGR of 1.7% to an estimated CA$19.9 billion over the next five years.

Graph and download economic data for Real-time Sahm Rule Recession Indicator (SAHMREALTIME) from Dec 1959 to Jun 2025 about recession indicators, academic data, and USA.

The yield on Canada 10Y Bond Yield eased to 3.39% on August 1, 2025, marking a 0.08 percentage point decrease from the previous session. Over the past month, the yield has edged up by 0.03 points and is 0.39 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. Canada 10-Year Government Bond Yield - values, historical data, forecasts and news - updated on August of 2025.

Canada's main stock market index, the TSX, fell to 27020 points on August 1, 2025, losing 0.88% from the previous session. Over the past month, the index has climbed 0.56% and is up 21.56% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks this benchmark index from Canada. Canada Stock Market Index (TSX) - values, historical data, forecasts and news - updated on August of 2025.

The yield on Canada 2 Year Bond Yield eased to 2.70% on August 1, 2025, marking a 0.08 percentage point decrease from the previous session. Over the past month, the yield has edged up by 0.03 points, though it remains 0.49 points lower than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. This dataset includes a chart with historical data for Canada 2Y.

The yield on Canada 5 Year Bond Yield eased to 2.94% on August 1, 2025, marking a 0.08 percentage point decrease from the previous session. Over the past month, the yield has edged up by 0.03 points and is 0.05 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. This dataset includes a chart with historical data for Canada 5Y.