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.

Bank of Canada announces its decisions on interest rate eight times a year. It is one of the key events influencing the Canadian dollar quotes. The decision is made depending on the current economic

Graph and download economic data for Interest Rates: Immediate Rates (< 24 Hours): Central Bank Rates: Total for Canada (IRSTCB01CAQ156N) from Q1 1960 to Q4 2023 about overnight, Canada, interest rate, interest, banks, depository institutions, and rate.

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 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.

• 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.

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 June 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 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 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); ...).

Bank Lending Rate in Canada remained unchanged at 4.95 percent in August. This dataset provides - Canada Prime Lending Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

This table contains 71 series, with data starting from 1934 (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 items: Canada ...), Rates (71 items: Bank rate; last Tuesday or last Thursday; Bank rate; Chartered bank administered interest rates - prime business; Chartered bank - consumer loan rate ...).

China Forward Rate: BOC: Average: EURO: 6 Month data was reported at 8.002 RMB/EUR in 11 Dec 2018. This records a decrease from the previous number of 8.045 RMB/EUR for 10 Dec 2018. China Forward Rate: BOC: Average: EURO: 6 Month data is updated daily, averaging 8.208 RMB/EUR from Nov 2008 (Median) to 11 Dec 2018, with 2314 observations. The data reached an all-time high of 10.280 RMB/EUR in 26 Nov 2009 and a record low of 6.695 RMB/EUR in 14 Apr 2015. China Forward Rate: BOC: Average: EURO: 6 Month data remains active status in CEIC and is reported by Bank of China. The data is categorized under China Premium Database’s Money Market, Interest Rate, Yield and Exchange Rate – Table CN.MH: Forward Rate: BOC: EURO.

Key information about Canada Short Term Interest Rate

• Canada Short Term Interest Rate: Month End: Treasury Bills Yield: 3 Months was reported at 2.82 % pa in Feb 2025, compared with 2.85 % pa in the previous month.
• Canada Short Term Interest Rate data is updated monthly, available from Jan 1993 to Feb 2025.
• The data reached an all-time high of 8.30 % pa in Mar 1995 and a record low of 0.06 % pa in Nov 2021.
• Short Term Interest Rate is reported by reported by Bank of Canada.

• In the latest reports, Canada Government Benchmark Bonds Yield: Month End: 10 Years was reported at 2.90 % 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.

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.

Deposit Interest Rate in Canada remained unchanged at 4.91 percent on Wednesday April 10. This dataset includes a chart with historical data for Deposit Interest Rate in Canada.

This table contains 5 series, with data for years 1950 - 2015 (not all combinations necessarily have data for all years), and was last released on 2016-01-05. This table contains data described by the following dimensions (Not all combinations are available): Geography (1 items: Canada ...), Type of exchange rate, United States and United Kingdom (5 items: Canadian cents per United States dollar; spot rate; Canadian cents per pound sterling; spot rate; Canadian cents per United States dollar; 90 day forward rate; Canadian cents per pound sterling; 90 day forward rate ...).

China Forward Rate: BOC: Average: CAD: 1 Month data was reported at 5.296 RMB/CAD in 16 Nov 2018. This records an increase from the previous number of 5.271 RMB/CAD for 14 Nov 2018. China Forward Rate: BOC: Average: CAD: 1 Month data is updated daily, averaging 5.728 RMB/CAD from Nov 2008 (Median) to 16 Nov 2018, with 2299 observations. The data reached an all-time high of 6.836 RMB/CAD in 04 May 2011 and a record low of 4.529 RMB/CAD in 20 Jan 2016. China Forward Rate: BOC: Average: CAD: 1 Month data remains active status in CEIC and is reported by Bank of China. The data is categorized under China Premium Database’s Money Market, Interest Rate, Yield and Exchange Rate – Table CN.MH: Forward Rate: BOC: CAD.

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.

China Forward Rate: BOC: Average: CAD: 12 Month data was reported at 5.186 RMB/CAD in 18 Dec 2018. This records a decrease from the previous number of 5.189 RMB/CAD for 17 Dec 2018. China Forward Rate: BOC: Average: CAD: 12 Month data is updated daily, averaging 5.725 RMB/CAD from Nov 2008 (Median) to 18 Dec 2018, with 2318 observations. The data reached an all-time high of 6.716 RMB/CAD in 19 May 2011 and a record low of 4.613 RMB/CAD in 20 Jan 2016. China Forward Rate: BOC: Average: CAD: 12 Month data remains active status in CEIC and is reported by Bank of China. The data is categorized under China Premium Database’s Money Market, Interest Rate, Yield and Exchange Rate – Table CN.MH: Forward Rate: BOC: CAD.

China Forward Rate: BOC: Average: CAD: 9 Month data was reported at 5.293 RMB/CAD in 26 Nov 2018. This records an increase from the previous number of 5.289 RMB/CAD for 23 Nov 2018. China Forward Rate: BOC: Average: CAD: 9 Month data is updated daily, averaging 5.731 RMB/CAD from Nov 2008 (Median) to 26 Nov 2018, with 2304 observations. The data reached an all-time high of 6.762 RMB/CAD in 07 Apr 2010 and a record low of 4.591 RMB/CAD in 20 Jan 2016. China Forward Rate: BOC: Average: CAD: 9 Month data remains active status in CEIC and is reported by Bank of China. The data is categorized under China Premium Database’s Money Market, Interest Rate, Yield and Exchange Rate – Table CN.MH: Forward Rate: BOC: CAD.

China Time Deposit Rate: BOC: AUD: 1 Year data was reported at 0.150 % pa in 18 May 2025. This stayed constant from the previous number of 0.150 % pa for 17 May 2025. China Time Deposit Rate: BOC: AUD: 1 Year data is updated daily, averaging 0.850 % pa from Dec 2004 (Median) to 18 May 2025, with 7458 observations. The data reached an all-time high of 1.500 % pa in 12 Sep 2019 and a record low of 0.150 % pa in 18 May 2025. China Time Deposit Rate: BOC: AUD: 1 Year data remains active status in CEIC and is reported by Bank of China Limited. The data is categorized under China Premium Database’s Money Market, Interest Rate, Yield and Exchange Rate – Table CN.MB: Time Deposit Rate: Foreign Currency.