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.

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; ...).

Key information about Canada Long Term Interest Rate

• Canada Government Benchmark Bonds Yield: Month End: 10 Years was reported at 3.12 % pa in Oct 2025, compared with 3.17 % pa in the previous month.
• Canada Long Term Interest Rate data is updated monthly, available from Jan 1993 to Oct 2025.
• The data reached an all-time high of 9.28 % pa in Jun 1994 and a record low of 0.46 % pa in Jul 2020.
• Long Term Interest Rate is reported by reported by Bank of Canada.

• In the latest reports, Canada Short Term Interest Rate: Month End: Treasury Bills Yield: 3 Months was reported at 2.21 % pa in Oct 2025.
• The cash rate (Policy Rate: Month End: Overnight Target Rate) was set at 2.25 % pa in Oct 2025.
• Canada Exchange Rate against USD averaged 1.40 (USD/CAD) in Oct 2025.

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

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.

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 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); ...).

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

In 2025, mortgage interest rates in Canada decreased. The five-year insured fixed mortgage interest rate as of May 2025 stood at **** percent, making it the most affordable mortgage type. Meanwhile, the insured mortgage rate fixed for under one year was the highest, at **** percent.

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.

The health of the construction sector varies significantly based on factors such as macroeconomic conditions, interest rates, foreign demand and public investment, making construction machinery producers susceptible to considerable revenue volatility. During the early stages of the 2020 pandemic, demand for new equipment slowed sharply, primarily due to weaker nonresidential construction activity. The Bank of Canada responded by cutting interest rates to stimulate the economy, leading to a revenue boom in 2021. Although rates began to rise in 2022, the recovering construction sector sustained revenue and profit gains, although at a slower pace. As macroeconomic conditions improved, interest rates started to fall in 2024. Although lower rates typically support construction activity, an extended period of high rates limited revenue growth, resulting in relatively small changes in revenue in 2024 and 2025. Construction machinery producers have benefited from public sector infrastructure initiatives. Government investment in projects such as roads, bridges and energy and manufacturing facilities supports demand for construction companies, which rely heavily on machinery. Higher commodity prices have boosted machinery demand from the mining, agriculture and forestry sectors, driving machinery sales. Overall, these factors are set to cause revenue to strengthen at a CAGR of 8.3% to $3.9 billion by the end of 2025, including a 0.5% gain in that year. Canadian producers continue to face significant competition from the international market. The Canadian dollar’s recent depreciation has boosted the value of exports, supporting revenue gains. Despite this, imported equipment satisfies more than 80.0% of domestic demand, while exports generate over half of producers’ revenue, making the sector highly sensitive to global macroeconomics and construction trends. Strong import competition also limits manufacturers’ ability to pass on fluctuating input costs, as offering competitive pricing remains key. Despite these trends, a strong domestic market has reduced import penetration and made exports a smaller share of revenue. Demand for new construction equipment is expected to continue growing, though at a slower pace. Public investment in infrastructure will be a key driver for manufacturers as large-scale projects require significant machinery. Producers will also benefit from ongoing construction activity in the US market, driven by demand from the residential sector and potential interest rate cuts by the Federal Reserve. While declining input prices will help producers remain competitive, significant price-based competition from foreign manufacturers, primarily from the United States, Japan and China, will limit profit gains. Producers will face some uncertainty over the coming years surrounding trade conditions. Revenue is set to grow at a CAGR of 1.1% to $4.2 billion through the end of 2030.

Canada’s security services industry is experiencing shifting market conditions shaped by economic pressures, emerging growth sectors and broader volatility. Demand has surged from vital markets such as oil, gas and manufacturing, particularly in Alberta, as companies boost spending on safety and site protection. Meanwhile, shifts in economic conditions have enhanced volatility in recent years. Enhanced concerns about public safety led to a substantial rise in demand for security services in the late 2010s and early 2020s, resulting in a notable increase in revenue in 2020 despite disruptions related to the COVID-19 pandemic. Elevated corporate profit during the economic recovery enabled providers to invest more heavily in security services, aiding revenue growth in 2021, though high inflation pushed revenue downward in 2022, as many buyers had to cut out some expenditures on security services to afford increasingly expensive necessities. More recently, high interest rates and recessionary fears temporarily weakened demand, causing revenue to continue to drop in 2023 and 2024, though anticipated Bank of Canada rate cuts could revive demand in 2025 and the years following. Stable government contracts from various agencies in Canada have cushioned revenue fluctuations, enabling providers to sustain investments in technology and workforce training. Rising hospital traffic and an aging population have also bolstered the need for on-site guards and specialized healthcare security services. Overall, revenue for security companies in Canada has waned at a CAGR of 1.4% over the last five years, reaching CA$8.3 billion in 2025. This includes a 0.3% increase in revenue in that year. Providers are anticipated to face new opportunities and challenges moving forward. Recent US trade policies, including new tariffs under the Trump administration, are expected to weigh on Canada’s economy and the security services sector. Because over three-quarters of Canadian exports go to the United States, reduced competitiveness and retaliatory tariffs have the potential to lower Canada’s GDP, ultimately constraining downstream demand and revenue growth. Nonetheless, projected long-term economic growth in Canada and outsourcing trends will help sustain revenue, as public agencies will increasingly rely on private security to meet operational needs. Rapid technological advances, however, will intensify competition from remote monitoring systems and automated surveillance tools. Despite slower job growth, rising wages for experienced guards and moderation in inflation could strengthen profitability, setting the stage for steady industry growth beyond 2025. Overall, revenue for Canadian security services businesses is forecast to rise at a CAGR of 1.0% in the next five years, reaching CA$8.8 billion in 2030.

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

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.

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 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.

Canada’s Floor Covering Stores industry is stabilizing after a volatile stretch, with revenue up 0.4% to CAD 6.6 billion in 2025. Over the past five years, revenue has expanded at a CAGR of 1.7% despite housing’s boom-bust dynamics and inflation headwinds that tempered big-ticket purchases and pushed sales toward value offerings. Turnkey services, tighter inventory, special orders and promotions timed to interest rate cuts helped defend profit as big-box rivals expanded in-stock assortments and BOPIS. At the same time, resilient surfaces and project bundling supported throughput even as average tickets normalized.​ Over the past five years, revenue whiplashed as 2021’s residential surge—14.0% construction growth and 24.5% more housing starts—lifted sales 12.5% before 2022–2023 construction pullbacks of 10.5% and 8.3% thinned pipelines and softened volumes under rising rates and accelerated inflation, respectively, prompting shoppers to delay upgrades or trade down to rugs and resilient formats that compress gross profit. Specialty stores leaned into white‑glove measurement, design and installation to differentiate against national chains and hard‑surface warehouse formats. At the same time, digital tools—visualization, real‑time inventory, samples‑by‑mail, SEO and instant quoting—became table stakes that widened the gap between omnichannel leaders and independents struggling to fund ongoing content and integration work. Looking ahead, sales are projected to climb at a 1.2% CAGR to CAD 7.0 billion by 2030 as easing Bank of Canada policy, firmer real incomes and steadier construction unlock deferred moves and renovations. With residential renovation outlays set to expand 2.5% annually and unemployment expected to dip 1.1% over five years, product mix will shift toward higher‑quality hardwood, engineered wood and premium LVP. Competition will intensify from big‑box, online and specialist formats, pressuring pricing and nudging profit lower unless stores pair disciplined inventory and private‑label value tiers with transparent pricing, bundled installation, financing and verified reviews. At the same time, visualization‑driven journeys and low‑VOC, sustainability‑forward assortments meet rising expectations and support premium closings.

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.