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.

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 May 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; ...).

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

Canada CA: Real Interest Rate data was reported at 0.126 % pa in 2017. This records a decrease from the previous number of 1.969 % pa for 2016. Canada CA: Real Interest Rate data is updated yearly, averaging 2.987 % pa from Dec 1961 (Median) to 2017, with 57 observations. The data reached an all-time high of 10.363 % pa in 1990 and a record low of -4.170 % pa in 1974. Canada CA: Real Interest Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Canada – Table CA.World Bank.WDI: Interest Rates. Real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator. The terms and conditions attached to lending rates differ by country, however, limiting their comparability.;International Monetary Fund, International Financial Statistics and data files using World Bank data on the GDP deflator.;;

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.

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.

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.

The yield on Canada 10Y Bond Yield rose to 3.53% on July 14, 2025, marking a 0.03 percentage point increase from the previous session. Over the past month, the yield has edged up by 0.13 points and is 0.11 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 July of 2025.

The high interest rate environment experienced over the five years to 2025, along with overall economic growth, has benefitted the Commercial Banking industry in Canada. Banks have done an exceptional job diversifying revenue streams, due to higher interest rates and increasing regulations. The industry primarily generates revenue through interest income sources, such as business loans and mortgages, but it also generates income through noninterest sources, which include fees on a variety of services and commissions. Industry revenue has been growing at a CAGR of 13.9% to $490.4 billion over the past five years, with an expected decrease of 0.3% in 2025 alone. In addition, profit, measured as earnings before interest and taxes, is anticipated to climb throughout 2025 due to the decreased provisions for credit losses (PCL). Industry revenue generated by interest income sources depends on demand for loans by consumers and the interest banks can charge on that capital it lends out. Therefore, high interest rates have enabled banks to increasingly charge for loans. However, the recent rate cuts in the latter part of the period have limited the price banks can charge for loans, hindering the interest income from these loans, although, with lower rates, commercial banks are anticipated to encounter growing loan volumes. Also, technological innovations have disrupted traditional banking features. The growing trends of online and mobile banking have increased customer engagement and loyalty, which has further aided the industry's expansion. Over the five years to 2030, projected interest rate declines and improvements in corporate profit are still anticipated to boost interest income from lending products. However, the remarkable debt levels of Canadian households make it increasingly likely that a period of deleveraging will begin over the next five years. Quicker growth rates in household debt and consumer spending are expected to increase interest income. In addition, improving macroeconomic conditions, such as unemployment and private investment, are expected to further boost revenue. Nonetheless, industry revenue is forecast to grow at a CAGR of 1.7% to $532.5 billion over the five years to 2030.

The USD/CAD exchange rate rose to 1.3686 on July 11, 2025, up 0.22% from the previous session. Over the past month, the Canadian Dollar has weakened 0.61%, and is down by 0.38% over the last 12 months. Canadian Dollar - values, historical data, forecasts and news - updated on July of 2025.

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.

After two years of decline, overseas shipments of frozen hams, shoulders and cuts of pig meat increased by 4.5% to 98K tons in 2023.

Canada's Industrial Equipment Rental and Leasing industry has overcome economic volatility through the end of 2024 as the variety of products rented or leased limits economic fluctuations from affecting demand from any one market. Healthcare facilities regularly rent and replace medical devices that are too costly to purchase and become obsolete quickly. Manufacturing and construction customers have adopted similar strategies to mitigate capital costs and access up-to-date equipment. Although COVID-19 substantially hindered some of the largest markets for industrial equipment rentals (manufacturing), historically low interest rates drove growth in residential construction while demand for equipment from overwhelmed hospitals soared. Despite 2020 declines, industry revenue has increased at a CAGR of 1.8% over the past five years, reaching $5.7 billion in 2024. Revenue will swell an estimated 1.3% in 2024 alone as the popularity of equipment rental conquers inflationary pressures. Renting rather than purchasing equipment offers flexibility for many businesses, enabling customers to quickly adjust inputs, costs and output, which is especially desirable when demand conditions are volatile. This has supported the expansion of rental companies through economic downturns. The Bank of Canada began cutting interest rates in June 2024 and several rate cuts since June have stimulated greater construction activity, bolstering demand from a vital market for industrial equipment rental and leasing. Profit has inched downward through the end of 2024 amid volatile demand from downstream markets and heightened competition. Through the end of 2029, contractors will benefit from accelerating nonresidential construction activity and consistent demand from the industrial and healthcare sectors. Renting and leasing industrial equipment will continue gaining popularity across industries. Technological advancements in equipment, which will drive rental demand, will also prompt rental companies to invest in updated fleets. Environmental consciousness will spur sustainable practices and the adoption of eco-friendly equipment among rental companies. As demand normalizes over the next five years, revenue will expand at a CAGR of 1.3% to reach $6.0 billion in 2029.

The Corporate Tax Rate in Canada stands at 26.50 percent. This dataset provides - Canada Corporate Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Tobacco tax rates were last changed on March 29, 2018. The current rates are: * 18.475¢ per cigarette * 18.475¢ per gram or part gram of cut tobacco * Tax on cigars is 56.6% of the taxable price Tobacco tax is: * $3.70 on a pack of 20 cigarettes * $4.62 on a pack of 25 cigarettes * $36.95 on a carton of 200 cigarettes You can download the dataset to view the historical price points for this tax. About tobacco tax

Unemployment rate, participation rate, and employment rate by educational attainment, gender and age group, annual.

Keeping the lights on across industries and geographies, the electrician industry in Canada is a key component of the economy at large. With demand dispersed among many downstream construction markets, industry revenue is expected to have declined at a CAGR of 3.2% to $29.8 billion through the end of 2025, including an expected growth of 2.7% in 2025 alone as along with interest rate cuts and rising consumer confidence. Volatile costs have driven down average industry profit over the last five years. Over the past five years, electricians in Canada have dealt with fluctuating interest rates, and construction materials cost inflation, which has had varying impacts on downstream residential and nonresidential construction markets. At the height of the pandemic, demand from nonresidential construction wavered as economic activity was broadly disrupted. While demand from nonresidential construction returned as the economy reopened, residential demand fell as interest rates rose. While the Bank of Canada began cutting rates in 2024 and have continued to do so into 2025, they are still relatively high and have kept residential construction activity from reaching height seen earlier in the current period. As residential construction consistently accounts for over 60.0% of industry revenue, the electrical industry has yet to reach the heights it saw in 2020. Industry performance is expected to improve in the coming years. The value of nonresidential construction will continue to recover, supporting the industry. As interest rates continue to fall and consumer sentiment improves, demand from residential construction is set to return to growth. Surging immigration will add to the already significant demand for housing. Still, electrical contractors will continue to struggle with high costs (possibly exacerbated by a looming trade war with the US) and labour shortages. Overall, industry revenue is expected to climb at a CAGR of 2.2% to reach $33.3 billion in 2030.