Canada's inflation rate experienced significant fluctuations from 2018 to 2025. Inflation peaked at 8.1 percent in June 2022 before steadily declining to 1.9 percent by January 2025. 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 5.25 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 3.5 percent in December 2024. 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 9.1 percent in June 2022, slightly higher than Canada's peak. The Federal Reserve responded with a series of rate hikes, reaching 5.33 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 5.25 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.

United Kingdom Sterling Exchange Rate: Canadian Dollar data was reported at 1.696 CAD/GBP in Nov 2018. This records an increase from the previous number of 1.672 CAD/GBP for Oct 2018. United Kingdom Sterling Exchange Rate: Canadian Dollar data is updated monthly, averaging 2.058 CAD/GBP from Jan 1975 (Median) to Nov 2018, with 527 observations. The data reached an all-time high of 2.868 CAD/GBP in Oct 1980 and a record low of 1.500 CAD/GBP in Jan 1985. United Kingdom Sterling Exchange Rate: Canadian Dollar data remains active status in CEIC and is reported by Bank of England. The data is categorized under Global Database’s United Kingdom – Table UK.M007: Foreign Exchange Rates.

The USDCAD decreased 0.0004 or 0.03% to 1.4262 on Thursday March 27 from 1.4266 in the previous trading session. Canadian Dollar - values, historical data, forecasts and news - updated on March of 2025.

Foreign Exchange Rate: Bank of Russia: Canadian Dollar data was reported at 58.995 CAD/RUB in 22 Mar 2025. This records an increase from the previous number of 58.911 CAD/RUB for 21 Mar 2025. Foreign Exchange Rate: Bank of Russia: Canadian Dollar data is updated daily, averaging 48.014 CAD/RUB from Jul 1992 (Median) to 22 Mar 2025, with 7550 observations. The data reached an all-time high of 93.855 CAD/RUB in 11 Mar 2022 and a record low of 28.313 CAD/RUB in 09 Jun 2011. Foreign Exchange Rate: Bank of Russia: Canadian Dollar data remains active status in CEIC and is reported by Bank of Russia. The data is categorized under High Frequency Database’s Foreign Exchange Rates – Table RU.MF001: Foreign Exchange Rate: Bank of Russia: Main Currencies. The official exchange rates of foreign currencies against the ruble are set by an order of the Bank of Russia and remain valid until the next order becomes effective.

More than three million mortgage loans are projected to be affected by the increasing mortgage interest rates in Canada by 2025. About one million of these mortgages are projected to be up for renewal in 2024. These loans were taken out at a time when interest rates were much lower, meaning that homeowners will be affected by a notable increase in their monthly payments.

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); ...).

Graph and download economic data for Canadian Dollars to U.S. Dollar Spot Exchange Rate (DEXCAUS) from 1971-01-04 to 2025-03-21 about Canada, exchange rate, currency, rate, and USA.

Canada CA: Commercial Paper Rate data was reported at 0.852 % pa in 2017. This records an increase from the previous number of 0.817 % pa for 2016. Canada CA: Commercial Paper Rate data is updated yearly, averaging 5.075 % pa from Dec 1956 (Median) to 2017, with 62 observations. The data reached an all-time high of 18.333 % pa in 1981 and a record low of 0.649 % pa in 2009. Canada CA: Commercial Paper Rate data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Canada – Table CA.IMF.IFS: Money Market and Policy Rates: Annual.

Inflation Rate in Canada increased to 2.60 percent in February from 1.90 percent in January of 2025. This dataset provides - Canada Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The statistic shows the average inflation rate in Canada from 1987 to 2023, with projections up until 2029. 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.

Thailand Forex: Thai Baht to Canadian Dollar: Buy: T/T data was reported at 25.032 THB/CAD in Jul 2018. This records an increase from the previous number of 24.476 THB/CAD for Jun 2018. Thailand Forex: Thai Baht to Canadian Dollar: Buy: T/T data is updated monthly, averaging 29.494 THB/CAD from Jan 1999 (Median) to Jul 2018, with 235 observations. The data reached an all-time high of 35.124 THB/CAD in Dec 2005 and a record low of 23.923 THB/CAD in Jan 1999. Thailand Forex: Thai Baht to Canadian Dollar: Buy: T/T data remains active status in CEIC and is reported by Bank of Thailand. The data is categorized under Global Database’s Thailand – Table TH.M006: Exchange Rates: Bank of Thailand.

FX: Rate: National Bank of Pakistan: TT: Sell: Canadian Dollar data was reported at 100.850 PKR/CAD in Oct 2018. This records an increase from the previous number of 95.410 PKR/CAD for Sep 2018. FX: Rate: National Bank of Pakistan: TT: Sell: Canadian Dollar data is updated monthly, averaging 63.880 PKR/CAD from Jan 1998 (Median) to Oct 2018, with 250 observations. The data reached an all-time high of 102.410 PKR/CAD in Sep 2013 and a record low of 30.486 PKR/CAD in Jan 1998. FX: Rate: National Bank of Pakistan: TT: Sell: Canadian Dollar data remains active status in CEIC and is reported by National Bank of Pakistan. The data is categorized under Global Database’s Pakistan – Table PK.M010: Foreign Exchange Rate.

Canada CA: Broad Money: Average Annual Growth Rate data was reported at 14.922 % in 2008. This records an increase from the previous number of -25.551 % for 2007. Canada CA: Broad Money: Average Annual Growth Rate data is updated yearly, averaging 9.118 % from Dec 1961 (Median) to 2008, with 48 observations. The data reached an all-time high of 125.031 % in 2001 and a record low of -25.551 % in 2007. Canada CA: Broad Money: Average Annual Growth 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: Money Supply. Broad money (IFS line 35L..ZK) is the sum of currency outside banks; demand deposits other than those of the central government; the time, savings, and foreign currency deposits of resident sectors other than the central government; bank and traveler’s checks; and other securities such as certificates of deposit and commercial paper.;International Monetary Fund, International Financial Statistics and data files.;;

In January 2025, global inflation rates and central bank interest rates showed significant variation across major economies. Most economies initiated interest rate cuts from mid-2024 due to declining inflationary pressures. The U.S., UK, and EU central banks followed a consistent pattern of regular rate reductions throughout late 2024. In early 2025, Russia maintained the highest interest rate at 21 percent, while Japan retained the lowest at 0.5 percent. Varied inflation rates across major economies The inflation landscape varies considerably among major economies. China had the lowest inflation rate at 0.5 percent in January 2025. In contrast, Russia maintained a high inflation rate of 9.9 percent. These figures align with broader trends observed in early 2025, where China had the lowest inflation rate among major developed and emerging economies, while Russia's rate remained the highest. Central bank responses and economic indicators Central banks globally implemented aggressive rate hikes throughout 2022-23 to combat inflation. The European Central Bank exemplified this trend, raising rates from 0 percent in January 2022 to 4.5 percent by September 2023. A coordinated shift among major central banks began in mid-2024, with the ECB, Bank of England, and Federal Reserve initiating rate cuts, with forecasts suggesting further cuts through 2025 and 2026.

Money Supply M0 in Canada increased to 251190 CAD Million in January from 243244 CAD Million in December of 2024. This dataset provides - Canada Money Supply M0 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Canada 10Y Bond Yield was 3.16 percent on Wednesday March 26, 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 March of 2025.

Canada Consumer Price Index (CPI): Core: Factor Model: YoY data was reported at 2.200 % in Jan 2025. This records an increase from the previous number of 2.000 % for Dec 2024. Canada Consumer Price Index (CPI): Core: Factor Model: YoY data is updated monthly, averaging 1.900 % from Jan 1990 (Median) to Jan 2025, with 421 observations. The data reached an all-time high of 6.200 % in Nov 2022 and a record low of 0.600 % in Oct 1994. Canada Consumer Price Index (CPI): Core: Factor Model: YoY data remains active status in CEIC and is reported by Bank of Canada. The data is categorized under Global Database’s Canada – Table CA.I009: Core Inflation Index.

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">

Average hourly and weekly wage rate, and median hourly and weekly wage rate by North American Industry Classification System (NAICS), type of work, gender, and age group.

Cost of food in Canada increased 1.30 percent in February of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Canada Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.