The benchmark interest rate in Canada was last recorded at 2.25 percent. This dataset provides - Canada Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Canada's inflation rate experienced significant fluctuations from 2018 to 2025. Inflation peaked at *** percent in June 2022 before steadily declining to *** percent by December 2024. In early 2025, inflation began to increase again, rising to *** percent in February and dropping to *** percent in March. In April 2025, inflation decreased to *** percent. In response to rising inflation between 2020 and 2022, the Bank of Canada implemented aggressive interest rate hikes. The bank rate reached a maximum of **** percent in July 2023 and remained stable until June 2024. As inflationary pressures eased in the second half of 2024, the central bank reduced interest rates to *** percent in December 2024. In 2025, the bank rate witnessed further cuts, standing at * percent in March 2025 and **** percent in September 2025. This pattern reflected broader global economic trends, with most advanced and emerging economies experiencing similar inflationary challenges and monetary policy adjustments. Global context of inflation and interest rates The Canadian experience aligns with the broader international trend of central banks raising policy rates to combat inflation. Between 2021 and 2023, nearly all advanced and emerging economies increased their central bank rates. However, a shift occurred in the latter half of 2024, with many countries, including Canada, beginning to lower rates. This change suggests a new phase in the global economic cycle and monetary policy approach. Notably, among surveyed countries, Russia maintained the highest interest rate in early 2025, while Japan had the lowest rate. Comparison with the United States The United States experienced a similar trajectory in inflation and interest rates. U.S. inflation peaked at *** percent in June 2022, slightly higher than Canada's peak. The Federal Reserve responded with a series of rate hikes, reaching **** percent in August 2023. This rate remained unchanged until September 2024, when the first cut since September 2021 was implemented. In contrast, Canada's bank rate peaked at **** percent and began decreasing earlier, with cuts in June and July 2024. These differences highlight the nuanced approaches of central banks in managing their respective economies amid global inflationary pressures.

In September 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 September 2025, Russia maintained the highest interest rate at 17 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 -0.3 percent in September 2025. In contrast, Russia maintained a high inflation rate of 8 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.

This table contains 102 series, with data starting from 2013, and some select series starting from 2016. This table contains data described by the following dimensions (Not all combinations are available): Geography (1 item: Canada), Components (51 items: Total, funds advanced, residential mortgages, insured; Variable rate, insured; Fixed rate, insured, less than 1 year; Fixed rate, insured, from 1 to less than 3 years; ...), and Unit of measure (2 items: Dollars; Interest rate). For additional clarification on the component dimension, please visit the OSFI website for the Report on New and Existing Lending.

Inflation Rate in Canada decreased to 2.20 percent in October from 2.40 percent in September of 2025. This dataset provides - Canada Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Discover the booming Canadian home lending market! Explore key trends, growth projections (CAGR > 5%), leading lenders (HSBC, Tangerine, BMO), and market segmentation insights for 2025-2033. Analyze the impact of interest rates, regulations, and economic factors on this dynamic sector. Recent developments include: On March 15, 2022, First Ontario Credit Union announced its merger with Heritage savings & Credit union to offer the best in financial products and services., On February 09, 2022, Hello safe announced a new partnership with Hard bacon, a personal finance application used by more than 35,000 Canadians, this partnership is to leverage Hard bacon's portfolio of comparison tools.. Notable trends are: A Rise in Home Prices Boosting Home Equity Lending Market.

View market daily updates and historical trends for Canada Bank Rate. Source: Bank of Canada. Track economic data with YCharts analytics.

This table contains data described by the following dimensions (Not all combinations are available): Geography (1 items: Canada ...).

Over the five years through 2025, returns for the Heavy Engineering Construction industry in Canada have expanded, supported by federal infrastructure spending, which has fallen short of initial plans. Specifically, the Investing in Canada Plan, a 12-year infrastructure spending plan passed as part of Budget 2017, committed $188.0 billion in spending but has ultimately resulted in less than $110.0 billion in infrastructure spending. The Canada Infrastructure Bank, part of the Investing in Canada Plan, has also spent less than initially planned, but has still supported the industry. Overall, the heavy engineering construction industry's revenue has been expanding at a CAGR of 2.8% over the past five years and is expected to total $72.5 billion in 2025, when revenue will increase an estimated 0.6% and profit will have seen an overall expansion as demand has remained strong while purchase cost inflation has cooled. Heavy engineering construction contractors have also benefitted from 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. Additionally, higher commodity prices have led to an uptick in mining infrastructure spending over the past five years. Supply chain bottlenecks have led to investments in expanding port capacities. Capital expenditures on railroad tracks have also expanded. Still, private investment has been stifled by high interest rates, which drove up the cost of capital. The Bank of Canada raised or maintained rates from early 2022 through mid-2024. Rates were cut several times between June 2024 and March 2025, but have been held steady since amid tariff uncertainty. Moving forward, heavy engineering construction contractors will benefit from steady government support and a more attractive investment climate. Under Prime Minister Mark Carney, the federal government has proposed investing nearly $25 billion in infrastructure spending. Private demand for 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 will continue to face the threat of high trade tensions 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 1.8% to $79.2 billion through the end of 2030.

View daily updates and historical trends for Canadian Overnight Repo Rate Average. from Canada. Source: Bank of Canada. Track economic data with YCharts a…

Unemployment Rate in Canada decreased to 6.90 percent in October from 7.10 percent in September of 2025. This dataset provides - Canada Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Heating and Air-Conditioning Contractors industry in Canada is highly reliant on construction activity across Canada, as most revenue is generated from heating, ventilation and air-conditioning (HVAC) installations in new residential and nonresidential buildings. Still, as a significant share of industry revenue is generated from maintaining, monitoring and repairing existing equipment, the industry is somewhat shielded from volatile performance in construction markets. In recent years, interest rate hikes (which followed historically low interest rates) have dampened residential construction activity. However, the Bank of Canada began to cut rates in 2024 and continued the policy into 2025, before holding rates steady since March 2025. Growing consumer spending has also supported the industry in recent years. Industry revenue is expected to have increased at a CAGR of 2.1% over the past five years to reach $17.3 billion in 2025, when revenue is set to grow 1.6% amid interest rate cuts. Industry profit has faced countervailing forces in recent years. New enterprises have entered the industry, materials costs went through a period of inflation and competition for labour has driven up wage costs, all putting downward pressure on profit. Still, average industry profit has grown slightly over the past five years as demand has remained strong and higher costs have been effectively passed along to customers. Volatile tariffs are threatening to drive back up costs. Alongside stronger demand from downstream markets, national standards for energy efficiency and a growing trend toward lowering energy use will encourage building owners to upgrade to more efficient systems. In addition, government energy-efficiency incentives will continue to benefit HVAC contractors. High electricity prices are also likely to motivate households to purchase or upgrade to more efficient HVAC systems to lower their electricity bills in the long term. Overall, industry revenue is forecast to climb at a CAGR of 2.1% to reach $19.1 billion in 2030.

The yield on Canada 10Y Bond Yield eased to 3.25% on December 2, 2025, marking a 0.01 percentage points decrease from the previous session. Over the past month, the yield has edged up by 0.09 points and is 0.13 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 December of 2025.

The statistic shows the average inflation rate in Canada from 1987 to 2024, with projections up until 2030. The inflation rate is calculated using the price increase of a defined product basket. This product basket contains products and services, on which the average consumer spends money throughout the year. They include expenses for groceries, clothes, rent, power, telecommunications, recreational activities and raw materials (e.g. gas, oil), as well as federal fees and taxes. In 2022, the average inflation rate in Canada was approximately 6.8 percent compared to the previous year. For comparison, inflation in India amounted to 5.56 percent that same year. Inflation in Canada In general, the inflation rate in Canada follows a global trend of decreasing inflation rates since 2011, with the lowest slump expected to occur during 2015, but forecasts show an increase over the following few years. Additionally, Canada's inflation rate is in quite good shape compared to the rest of the world. While oil and gas prices have dropped in Canada much like they have around the world, food and housing prices in Canada have been increasing. This has helped to offset some of the impact of dropping oil and gas prices and the effect this has had on Canada´s inflation rate. The annual consumer price index of food and non-alcoholic beverages in Canada has been steadily increasing over the last decade. The same is true for housing and other price indexes for the country. In general there is some confidence that the inflation rate will not stay this low for long, it is expected to return to a comfortable 2 percent by 2017 if estimates are correct.

View market daily updates and historical trends for Secured Overnight Financing Rate. from United States. Source: Federal Reserve Bank of New York. Track …

View market daily updates and historical trends for Canada 5 Year Benchmark Bond Yield. Source: Bank of Canada. Track economic data with YCharts analytics.

View market daily updates and historical trends for Canada 10 Year Benchmark Bond Yield. Source: Bank of Canada. Track economic data with YCharts analytic…