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.

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

The Royal Bank of Canada (RBC) maintained its position as Canada's most valuable bank by market capitalization, reaching *** billion U.S. dollars in December 2024. Toronto-Dominion Bank held the second position with a market cap of ***** billion U.S. dollars, substantially lower than RBC but still significantly ahead of the third-ranked Bank of Montreal. Beyond its market value leadership, RBC also led Canadian banks in terms of total assets. What is market capitalization? Market capitalization provides a key metric for estimating a company's value, calculated by multiplying the share price by the total number of outstanding shares. This measure reflects investor sentiment: when investors perceive a company as undervalued, their buying activity drives up both share prices and market capitalization. However, prudent investors don't rely solely on market cap; they conduct thorough analysis of fundamental metrics, including balance sheet data and other financial indicators, to make informed investment decisions. In 2024, investor confidence in the Royal Bank of Canada was particularly evident, as RBC's share price reached unprecedented levels, setting new historical highs. Key banking metrics Banking institutions can be evaluated through multiple important measures, each offering distinct insights into their operations and market position. Total assets, analogous to a retailer's sales volume, provides a meaningful indicator of a bank's operational scale and market influence through the volume of funds under management. Revenue serves as a more direct measure of a bank's financial performance, reflecting its ability to generate income from its various banking activities. Customer base, perhaps the most straightforward metric, reveals a bank's market penetration and public reach. By this measure, both TD Bank and RBC emerged as Canada's dominant banking institutions, with the largest number of primary banking relationships.

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.

The yield on Canada 10Y Bond Yield eased to 3.39% on August 1, 2025, marking a 0.08 percentage point decrease from the previous session. Over the past month, the yield has edged up by 0.03 points and is 0.39 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 August of 2025.