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.

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

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.

China Forward Rate: BOC: Average: CAD: 7 Day data was reported at 5.280 RMB/CAD in 26 Nov 2018. This records an increase from the previous number of 5.277 RMB/CAD for 23 Nov 2018. China Forward Rate: BOC: Average: CAD: 7 Day data is updated daily, averaging 5.722 RMB/CAD from Nov 2008 (Median) to 26 Nov 2018, with 2304 observations. The data reached an all-time high of 6.861 RMB/CAD in 04 May 2011 and a record low of 4.517 RMB/CAD in 20 Jan 2016. China Forward Rate: BOC: Average: CAD: 7 Day 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.

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.

In light of the Bank of Canada’s six interest rate hikes this year, homeowners with a mortgage loan should brace themselves for higher rates at renewal over the next five years. And according to a recent Leger survey conducted on behalf of RATESDOTCA and BNN Bloomberg, 53% of homeowners are already feeling concerned about an increase in payments when their mortgages come up for renewal. While 52% of homeowners have a plan in place to meet those increased payments, half don’t consider shopping the market as part of that plan. In fact, 51% say they don’t plan to change lenders upon renewal, and 9% said they weren’t even aware that switching lenders was possible.https://static.rates.ca/images/BNN_x_RATESDOTCA_Concern_over_mortgage_renewal.width-800.png" width="800">

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.

China Forward Rate: BOC: Average: CAD: 6 Month data was reported at 5.292 RMB/CAD in 26 Nov 2018. This records an increase from the previous number of 5.288 RMB/CAD for 23 Nov 2018. China Forward Rate: BOC: Average: CAD: 6 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 6.801 RMB/CAD in 07 Apr 2010 and a record low of 4.569 RMB/CAD in 20 Jan 2016. China Forward Rate: BOC: Average: CAD: 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: CAD.

This table contains 13 series, with data from 1949 (not all combinations necessarily have data for all years). Data are presented for the current month and previous four months. Users can select other time periods that are of interest to them.

The statistic shows the average inflation rate in Canada from 1987 to 2024, with projections up until 2030. The inflation rate is calculated using the price increase of a defined product basket. This product basket contains products and services, on which the average consumer spends money throughout the year. They include expenses for groceries, clothes, rent, power, telecommunications, recreational activities and raw materials (e.g. gas, oil), as well as federal fees and taxes. In 2022, the average inflation rate in Canada was approximately 6.8 percent compared to the previous year. For comparison, inflation in India amounted to 5.56 percent that same year. Inflation in Canada In general, the inflation rate in Canada follows a global trend of decreasing inflation rates since 2011, with the lowest slump expected to occur during 2015, but forecasts show an increase over the following few years. Additionally, Canada's inflation rate is in quite good shape compared to the rest of the world. While oil and gas prices have dropped in Canada much like they have around the world, food and housing prices in Canada have been increasing. This has helped to offset some of the impact of dropping oil and gas prices and the effect this has had on Canada´s inflation rate. The annual consumer price index of food and non-alcoholic beverages in Canada has been steadily increasing over the last decade. The same is true for housing and other price indexes for the country. In general there is some confidence that the inflation rate will not stay this low for long, it is expected to return to a comfortable 2 percent by 2017 if estimates are correct.

China Forward Rate: BOC: Average: EURO: 3 Month data was reported at 7.916 RMB/EUR in 18 Dec 2018. This records an increase from the previous number of 7.897 RMB/EUR for 17 Dec 2018. China Forward Rate: BOC: Average: EURO: 3 Month data is updated daily, averaging 8.172 RMB/EUR from Nov 2008 (Median) to 18 Dec 2018, with 2318 observations. The data reached an all-time high of 10.312 RMB/EUR in 26 Nov 2009 and a record low of 6.640 RMB/EUR in 14 Apr 2015. China Forward Rate: BOC: Average: EURO: 3 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.

Historical (real-time) releases of the measures of core inflation, with data from 1989 (not all combinations necessarily have data for all years). Data are presented for the current release and previous four releases. Users can select other releases that are of interest to them.

This table contains 27 series, with data starting from 1981 (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) Type of currency (27 items: Australian dollar, monthly average; Brazilian real, monthly average; Chinese renminbi, monthly average; European euro, monthly average; ...).

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.

This table contains 45 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 currency (45 items: United States dollar; noon spot rate; average; Danish krone; noon spot rate; average; French franc; noon spot rate; average; Belgian franc; noon spot rate; average ...).

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.

China Forward Rate: BOC: Average: EURO: 9 Month data was reported at 8.029 RMB/EUR in 18 Dec 2018. This records an increase from the previous number of 8.011 RMB/EUR for 17 Dec 2018. China Forward Rate: BOC: Average: EURO: 9 Month data is updated daily, averaging 8.237 RMB/EUR from Nov 2008 (Median) to 18 Dec 2018, with 2318 observations. The data reached an all-time high of 10.212 RMB/EUR in 26 Nov 2009 and a record low of 6.752 RMB/EUR in 14 Apr 2015. China Forward Rate: BOC: Average: EURO: 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: EURO.

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