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; ...).

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 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 two cuts, standing at ***** percent in April 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 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); ...).

The benchmark interest rate in China was last recorded at 3 percent. This dataset provides the latest reported value for - China Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Key information about Canada Long Term Interest Rate

• Canada Government Benchmark Bonds Yield: Month End: 10 Years was reported at 2.90 % pa in Feb 2025, compared with 3.07 % pa in the previous month.
• Canada Long Term Interest Rate data is updated monthly, available from Jan 1993 to Feb 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.

Government Benchmark Bond are rates based on actual mid-market closing yields of selected Canada bond issues that mature approximately in the indicated term areas.


Related information about Canada Long Term Interest Rate

• In the latest reports, Canada Short Term Interest Rate: Month End: Treasury Bills Yield: 3 Months was reported at 2.82 % pa in Feb 2025.
• The cash rate (Policy Rate: Month End: Overnight Target Rate) was set at 3.00 % pa in Feb 2025.
• Canada Exchange Rate against USD averaged 1.33 (USD/CAD) in Jun 2023.

Bank Lending Rate in Canada remained unchanged at 4.95 percent in May. 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.

Key information about China Policy Rate

• China cash rate (Policy Rate: Month End: China: Rediscount Rate) was set at 2.65 % pa in Jun 2023, compared with 2.75 % pa in the previous May 2023.
• China Policy Rate averaged 3.00 % pa and is updated monthly, available from Jan 2016 to Jun 2023.
• The data reached an all-time high of 3.30 % pa in Oct 2019 and a record low of 2.65 % pa in Jun 2023.

Other key monetary policy rates of The People's Bank of China are also 1-Year Nominal Lending Rate and 7-Day Reverse Repurchase Rate.


Related information about China Policy Rate

• In the latest reports, China Short Term Interest Rate: Month End: SHIBOR: 3 Months was reported at 2.22 % pa in May 2023.
• Its Long Term Interest Rate (Treasury Bond Yield: Interbank: Spot Yield: 10 year) was reported at 2.65 % pa in Jun 2023.
• China Exchange Rate against USD averaged 6.99 (USD/RMB) in May 2023.
• Its Real Effective Exchange Rate was 140.85 in Apr 2023.

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 2023, mortgage interest rates in Canada increased for all types of mortgages. The interest rate for fixed mortgage interest rates for five years and more doubled, from 2.38 percent to 5.52 percent between December 2021 and December 2023. The higher borrowing costs led to the housing market contracting in 2022 and corrections of the property prices across the country.

Commodity prices saw substantial growth in 2021 due to supply chain disruptions and heightened demand from manufacturing and construction sectors, supported by low interest rates and government stimulus initiatives, leading to historically high industry growth. Prices for ferrous metal scraps, nonferrous metal scraps and recyclable paper surged, with ferrous metal scraps hitting decade-high levels. However, since 2022, a decline in commodity prices due to higher interest rates and subdued economic activity in international markets has contributed to lower industry revenue. The softness in the manufacturing sector and projected declines in iron ore prices are expected to sustain lower sales through 2024 despite an estimated 4.1% CAGR industry growth during the current period overall, with industry revenue reaching $15.1 billion in 2024. Industrial businesses represent the biggest market in this industry, followed by general wholesalers and a combination of other smaller markets, such as retailers, building contractors and repair shops. Within the industrial segment, construction, automotive and shipbuilding industries represent the major markets for recyclable materials. These markets most commonly rely on recycled steel, which, due to its inherent magnetism, is easy to separate and recycle, making steel the most recycled material. Given the interchangeability of raw steel and recycled steel, the price of raw steel and iron has a direct impact on the price of recycled steel. The anticipated decline in iron and steel prices, driven by subdued residential construction activity in China and increased iron ore production in Australia and Brazil, will contribute to lower sales early in the outlook period by diminishing industrial demand and making primary raw materials more appealing. Despite this, the manufacturing sector in Canada is expected to grow as the Bank of Canada cuts interest rates in response to slowing inflation, leading to higher demand for recyclable materials. Overall, industry revenue is projected to climb at a CAGR of 1.3% to reach $16.1 billion by 2029.

Key information about China Reserve Requirement Ratio

• Required Reserve Ratio was set as 6.6 % in Feb 2025
• China Reserve Requirement Ratio data updated monthly, available from Jan 1985 to Feb 2025
• The data is reported by The People's Bank of China
• In the latest reports, China Money Supply M2 increased to 44,045.8 USD bn YoY in Sep 2024
• Foreign Exchange Reserves in China was measured at 3,209.0 USD bn in Jan 2025.
• The Foreign Exchange Reserves equaled 13.9 Months of Import in Dec 2024
• China Domestic Credit reached 49,338.1 USD bn in Jan 2025, representing an increase of 7.9 % YoY
• The country's Non Performing Loans Ratio stood at 1.5 % in Dec 2024, compared with the ratio of 1.6 % in the previous quarter
• Household Debt of China reached 63.3 % in Mar 2023, accounting for 63.3 % of the country's Nominal GDP

In view of the fact that the cut of the RRR effective from 15 Oct 2018 was not for all depository institutions, it could not be updated accordingly. Afterwards, if the official has disclosed the exact data of the ratio, it will be updated accordingly. Release date: 07 Oct 2018 In view of the fact that the cut of the RRR effective from 5 July 2018 was not for all depository institutions, it could not be updated accordingly. Afterwards, if the official has disclosed the exact data of the ratio, it will be updated accordingly. Release date: 24 June 2018 In view of the fact that the cut of the RRR effective from 25 April 2018 was not for all depository institutions, it could not be updated accordingly. Afterwards, if the official has disclosed the exact data of the ratio, it will be updated accordingly. Release date: 17 April 2018

1 Year MLF Rate in China remained unchanged at 2 percent in January. This dataset includes a chart with historical data for China One-Year Medium-Term Lending Facility Rate.

The yield on Canada 10Y Bond Yield rose to 3.36% on June 9, 2025, marking a 0.02 percentage point increase from the previous session. Over the past month, the yield has edged up by 0.15 points, though it remains 0.15 points lower 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 June of 2025.

Canada's main stock market index, the TSX, fell to 26419 points on June 9, 2025, losing 0.04% from the previous session. Over the past month, the index has climbed 3.47% and is up 19.70% 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 June of 2025.

Reverse Repo Rate in China decreased to 1.40 percent in May from 1.50 percent in April of 2025. This dataset provides - China Reverse Repo Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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

The USD/CAD exchange rate rose to 1.3700 on June 9, 2025, up 0.03% from the previous session. Over the past month, the Canadian Dollar has strengthened 1.96%, and is up by 0.44% over the last 12 months. Canadian Dollar - values, historical data, forecasts and news - updated on June of 2025.

14-Day Reverse Repo Rate in China remained unchanged at 1.85 percent in May. This dataset includes a chart with historical data for China 14-Day Reverse Repo Rate.