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

Bank Lending Rate in Canada decreased to 4.45 percent in November from 4.70 percent in October of 2025. This dataset provides - Canada Prime Lending 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; ...).

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.

Key information about Canada Bank Lending Rate

• Canada Bank Lending Rate was reported at 4.450 % pa in Nov 2025.
• This records a decrease from the previous number of 4.700 % pa for Oct 2025.
• Canada Bank Lending Rate data is updated monthly, averaging 13.250 % pa from Jan 1935 to Nov 2025, with 1091 observations.
• The data reached an all-time high of 22.750 % pa in Aug 1981 and a record low of 2.250 % pa in May 2010.
• Canada Bank Lending Rate data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Bank Lending Rate: Monthly.

This table contains 39 series, with data for starting from 1991 (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); Financial market statistics (39 items: Government of Canada Treasury Bills, 1-month (composite rates); Government of Canada Treasury Bills, 2-month (composite rates); Government of Canada Treasury Bills, 3-month (composite rates);Government of Canada Treasury Bills, 6-month (composite rates); ...).

Forecast: Bank Lending Interest Rate in Canada 2022 - 2026 Discover more data with ReportLinker!

Historical data of Canadian bank rates, prime rates, and inflation rates from 1935 to 2025

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.

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.

Canada Prime Business Rate data was reported at 4.450 % pa in Nov 2025. This records a decrease from the previous number of 4.700 % pa for Oct 2025. Canada Prime Business Rate data is updated monthly, averaging 13.250 % pa from Jan 1935 (Median) to Nov 2025, with 1091 observations. The data reached an all-time high of 22.750 % pa in Aug 1981 and a record low of 2.250 % pa in May 2010. Canada Prime Business Rate data remains active status in CEIC and is reported by Bank of Canada. The data is categorized under Global Database’s Canada – Table CA.M: Prime Rate.

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.

Canada Prime Corporate Paper Rate: 3 Months data was reported at 2.200 % pa in Dec 2018. This records an increase from the previous number of 2.160 % pa for Nov 2018. Canada Prime Corporate Paper Rate: 3 Months data is updated monthly, averaging 5.100 % pa from Jan 1956 (Median) to Dec 2018, with 756 observations. The data reached an all-time high of 22.200 % pa in Aug 1981 and a record low of 0.370 % pa in Feb 2010. Canada Prime Corporate Paper Rate: 3 Months data remains active status in CEIC and is reported by Bank of Canada. The data is categorized under Global Database’s Canada – Table CA.M003: Prime Rate.

Canada Prime Corporate Paper Rate: 1 Month: Weekly data was reported at 2.190 % pa in 26 Dec 2018. This stayed constant from the previous number of 2.190 % pa for 19 Dec 2018. Canada Prime Corporate Paper Rate: 1 Month: Weekly data is updated weekly, averaging 1.140 % pa from Jun 2002 (Median) to 26 Dec 2018, with 863 observations. The data reached an all-time high of 5.150 % pa in 12 Sep 2007 and a record low of 0.350 % pa in 24 Mar 2010. Canada Prime Corporate Paper Rate: 1 Month: Weekly data remains active status in CEIC and is reported by Bank of Canada. The data is categorized under Global Database’s Canada – Table CA.M003: Prime Rate.

This table contains 12 series, with data starting from 1954 (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: United States); Rates (12 items: Federal Reserve Bank of New York - discount rate; Prime rate charged by banks; Federal funds rate;Commercial paper, adjusted: 1 month; ...).

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

Canada: Real interest rate: Bank lending rate minus inflation: The latest value from 2017 is 0.13 percent, a decline from 1.97 percent in 2016. In comparison, the world average is 5.12 percent, based on data from 122 countries. Historically, the average for Canada from 1961 to 2017 is 3.26 percent. The minimum value, -4.17 percent, was reached in 1974 while the maximum of 10.36 percent was recorded in 1990.

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

View monthly updates and historical trends for Canada 5-year Conventional Mortgage Lending Rate. Source: Canada Mortgage and Housing Corporation. Track ec…

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.