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.

This table contains 38 series, with data starting from 1957 (not all combinations necessarily have data for all years). This table contains data described by the following dimensions (Not all combinations are available): Geography (1 item: Canada), Rates (38 items: Bank rate; Chartered bank administered interest rates - prime business; Chartered bank - consumer loan rate; Forward premium or discount (-), United States dollars in Canada: 1 month; ...).

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.

Dataset - Bank of Canada in the news

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.

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.

Evolution, trends - Bank of Canada in the news

This index represents the consumer price index (CPI) for Canada, excluding the effect of indirect taxes. The index has a base year of 2002 and is sourced from Statistics Canada. The CPI can be considered one of the most important measures of inflation banks use to gauge the health of the economy. The central bank aims to keep inflation at a healthy rate around 2.0% year-over-year growth.

Sources distribution - Bank of Canada in the news

Sections distribution - Bank of Canada in the news

The yield on Canada 10Y Bond Yield eased to 3.45% on July 31, 2025, marking a 0.04 percentage point decrease from the previous session. Over the past month, the yield has edged up by 0.09 points and is 0.34 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 July of 2025.

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.

Janitorial service companies in Canada have been navigating a turbulent period marked by economic fluctuations and evolving market demands. Initially, as nonresidential construction suffered a decrease during COVID-19 due to social distancing measures and closed offices, commercial demand for janitorial services waned. However, an upswing in residential construction, driven by low interest rates, somewhat offset these losses, preventing a dramatic dip in revenue during the pandemic's height. After the initial pandemic-induced revenue drop, the industry’s fortunes were revived in 2021 and 2022 as corporate profit surged. However, this momentum was soon stymied by supply chain disruptions and rising inflation, which increased operating costs and cut into companies’ incomes. The industry's trajectory further stalled as the negative impact of high interest rates chilled residential construction and a resultant decline in consumer spending due to recessionary fears further contracted demand for commercial cleaning services. Since these developments reduced revenue in 2023 and 2024, profit’s revenue share has declined over the past few years. Overall, revenue for janitorial service companies in Canada has crept downward at a CAGR of 1.1% over the past five years, reaching $CA7.9 billion in 2025. This includes a 2.1% increase in revenue in that year. Looking forward, providers are poised to leverage an optimistic economic outlook despite potential hurdles due to changes in US policy. Anticipated reductions in interest rates by the Bank of Canada could boost both residential and nonresidential construction, consequently revitalizing demand for cleaning services. With economic growth expected to increase GDP and per capita disposable income, this should fuel consumer spending, leading to greater corporate profit and, therefore, more investment in the industry’s services. In response, companies are likely to diversify their offerings, focusing on niche areas like green cleaning initiatives, as consumer sentiment towards climate change shifts. Technological advancements such as AI and robotics are also expected to reshape how services are delivered, enhancing efficiency but potentially sidelining smaller providers unable to keep pace. Overall, revenue for janitorial services providers in Canada is forecast to expand at a CAGR of 2.6% over the next five years, reaching $CA9.0 billion in 2030.

Over the past five years, moving services in Canada have faced significant headwinds despite an initially favourable economic climate. The pandemic sparked a housing boom, with historically low interest rates and a surge in residential construction reaching new heights. Canadians purchased new homes and moved from urban centers like Toronto to suburban areas, but demand for moving services has remained sluggish amid cheaper external competition and low disposable income. The onset of inflation severely weighed on moving services, bringing on several years of sinking revenue. Revenue has been falling at a CAGR of 2.7% to an estimated $1.4 billion over the five years through 2024, including an expected 0.6% descent in 2024 alone. Interest rates are in a high spot mostly because of decisions by the Bank of Canada, complicating new home financing and encouraging homeowners to stick with their existing fixed-rate mortgages. High borrowing costs have significantly slowed moving activity since the rate hikes began in 2022, exacerbating existing issues and dragging down revenue for moving services. Moving services catering to commercial clients have also suffered as companies and organizations found it more challenging to finance new office spaces. The rise of remote work reduced the need for physical office moves, hurting demand. Price competition has intensified as demand remains subdued and new moving services join the industry. Moving services have struggled to pass on labour costs and volatile fuel prices, leading to eroding profit. High mortgage rates will keep moving activity suppressed through the next five years. Still, households are expected to increasingly outsource moving tasks as the economic recovery lifts disposable income and confidence. Stabilizing corporate profit will create a more favorable business environment, encouraging commercial relocations. Falling oil prices will lower operating costs for moving companies, helping bring back profit. Still, moving services will face ongoing competition from mobile app-based services and growing substitutes. Moving companies may need to adopt new technologies and enhance marketing strategies to stay competitive. Revenue will return to growth, climbing at a CAGR of 1.5% to an estimated $1.5 billion through the end of 2029.

The Landscape Services industry has navigated a volatile economic terrain, but has emerged as a net winner. After a downturn due to sluggish spending by commercial real estate clients and fierce competition for residential customers' disposable income, landscapers have reaped benefits from the burgeoning residential housing market. Residential markets have expanded despite the Bank of Canada's aggressive rate hikes aimed at curbing inflation. Recent rate cuts have further fueled spending on landscaping services, both from new housing developments and upgrades to existing homes. As a result, industry revenue is forecast to rise at a CAGR of 2.1% over the past five years to $14.6 billion, including growth of 1.9% in 2025 alone. Despite growth, landscapers have been hard hit by inflationary pressures, with the cost of equipment, fuel, materials and wages continuing to rise. The price of fertilizer, a key input for landscapers, who use it to treat lawns and keep other plants healthy and growing strongly, soared by more than 30.0% in 2021 and more than 50.0% 2022. Price increases this intense have forced landscapers to pass on costs to their customers, with more than three-quarters of landscapers raising prices in 2023 and 2024. While profit margins remain higher in 2025 than they were in 2020, they have been pressured by rising prices as landscapers have been weary about raising prices for fear of losing sales to competitors. Landscaping services will continue to grow steadily in the coming years as clients increasingly focus on sustainable designs in response to climate change. With the economy also expected to expand, commercial construction will look to incorporate extensive green spaces, while residential customers will remain a bedrock of the industry, with home construction and renovation projects benefiting from further interest rate cuts. As a result, industry revenue will increase at a CAGR of 1.9% to $16.1 billion over the five years to 2030.

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.

Canada was one of three countries worldwide in 2021, where credit card ownership among consumers 15 years and up was over ** percent. This according to a major survey held once every three years in over 140 different countries. The results highlight the major differences in how countries prefer to pay: In Europe, for instance, the Nordics, Luxembourg, and the United Kingdom are regarded as top credit card countries, whereas the Netherlands ranked significantly lower than all these countries. Credit card usage Cardholders use their credit cards for billions of purchase transactions per year. Some do this to avoid carrying cash around, while others carry out transactions. Many also use credit cards because they do not have to pay immediately. While this can help with monthly cash flow issues, it can also lead to credit card debt that can take years to pay off. Regional differences in credit cards Some counties have a culture of credit card usage. For example, the leading credit card companies in the United States have issued hundreds of millions of credit cards, more than the number of U.S. citizens. Other countries do not have the culture of non-cash transactions. Overcoming this requires both an investment in payment infrastructure and putting people in the habit of using cards instead of cash.

Government Debt in Canada increased to 1223.62 CAD Billion in 2024 from 1173.01 CAD Billion in 2023. This dataset provides - Canada Government Debt- actual values, historical data, forecast, chart, statistics, economic calendar and news.