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.

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); ...).

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 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 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; ...).

In May 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 20 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 -0.1 percent in May 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.

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.

This table contains 14 series, with data starting from 1925 (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: United States ...), Rate (14 items: 91-day treasury bill yield; Treasury bills at Monday tender; adjusted: 3 month (average);United States treasuries constant maturity: 5 year; United States treasuries constant maturity: long term ...).

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.

The Canadian home lending market, valued at approximately $X million in 2025 (assuming a reasonable market size based on available data and comparable markets), is experiencing robust growth, projected to maintain a Compound Annual Growth Rate (CAGR) exceeding 5.00% through 2033. This expansion is fueled by several key drivers. Increasing homeownership aspirations among Canadians, particularly among millennials and Gen Z, are significantly contributing to market demand. Favorable government policies aimed at supporting affordable housing, though potentially fluctuating, also play a vital role. Furthermore, the rise of innovative financial technologies and the increasing accessibility of online lending platforms are streamlining the borrowing process and broadening market reach. Competition is intense among a diverse range of lenders, including commercial banks (like Bank of Montreal and National Bank of Canada), financial institutions, credit unions (such as PenFinancial and First Ontario), and specialized mortgage providers (like True North Mortgage and IntelliMortgage). This competitive landscape fosters innovation and drives down costs for borrowers. However, the market faces challenges. Rising interest rates represent a significant restraint, impacting affordability and potentially slowing growth. Stringent lending regulations, designed to mitigate risk, can also restrict lending volume to some extent. Furthermore, economic uncertainties and fluctuations in housing prices can influence market sentiment and borrower confidence. Market segmentation shows considerable diversity, with fixed-rate loans maintaining a significant share, alongside growing demand for home equity lines of credit. The rise of online lending is transforming the sector, though offline channels remain important, particularly for complex mortgages or those requiring personalized guidance. The forecast period (2025-2033) presents both opportunities and risks for lenders, requiring strategic adaptation to prevailing economic and regulatory conditions. The continued growth of the market depends upon careful balance between affordable housing options and sustainable financial practices. Recent developments include: On March 15, 2022, First Ontario Credit Union announced its merger with Heritage savings & Credit union to offer the best in financial products and services., On February 09, 2022, Hello safe announced a new partnership with Hard bacon, a personal finance application used by more than 35,000 Canadians, this partnership is to leverage Hard bacon's portfolio of comparison tools.. Notable trends are: A Rise in Home Prices Boosting Home Equity Lending Market.

The Canadian home lending market, valued at approximately $XX million in 2025, is experiencing robust growth, projected to maintain a Compound Annual Growth Rate (CAGR) exceeding 5% through 2033. This expansion is fueled by several key factors. Firstly, a consistently growing population and increasing urbanization are driving demand for housing, particularly in major metropolitan areas. Secondly, favorable government policies aimed at supporting homeownership, while subject to change, have historically played a crucial role. Thirdly, the prevalence of low-interest rates (though subject to fluctuations) in recent years has made mortgages more accessible to a wider range of borrowers. Finally, the diverse range of lenders, including commercial banks, financial institutions, credit unions, and online lenders, fosters competition and innovation within the market, offering consumers more choice and potentially better rates. However, the market is not without its challenges. Rising interest rates, inflation, and potential economic downturns pose significant risks to the sustained growth trajectory. Furthermore, stricter lending regulations implemented to mitigate risks within the financial system could impact affordability and accessibility for some borrowers. Market segmentation reveals a preference for fixed-rate loans and a growing adoption of online lending platforms, alongside continued reliance on traditional brick-and-mortar institutions. Key players in the market, such as HSBC Bank Canada, Tangerine Direct Bank, and others, compete aggressively to capture market share through varied product offerings and service models. The market’s long-term prospects remain positive, albeit contingent on macroeconomic stability and regulatory shifts. Continued innovation and adaptation by lenders will be crucial in navigating the evolving landscape of the Canadian home lending market. This insightful report provides a deep dive into the dynamic Canadian home lending market, analyzing key trends, growth drivers, and challenges from 2019 to 2033. With a focus on the crucial year 2025 (base and estimated year), this comprehensive study offers invaluable insights for stakeholders across the industry. We leverage data from the historical period (2019-2024) to project the market's trajectory during the forecast period (2025-2033). Keywords: Canadian mortgage market, home equity loans Canada, mortgage rates Canada, online mortgage lenders Canada, Canadian real estate finance. Recent developments include: On March 15, 2022, First Ontario Credit Union announced its merger with Heritage savings & Credit union to offer the best in financial products and services., On February 09, 2022, Hello safe announced a new partnership with Hard bacon, a personal finance application used by more than 35,000 Canadians, this partnership is to leverage Hard bacon's portfolio of comparison tools.. Notable trends are: A Rise in Home Prices Boosting Home Equity Lending Market.

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

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.

Inflation Rate in Canada remained unchanged at 1.70 percent in May. This dataset provides - Canada Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Canadian credit card market, valued at $574.36 million in 2025, is projected to experience robust growth, fueled by a Compound Annual Growth Rate (CAGR) of 5.34% from 2025 to 2033. This expansion is driven by several key factors. Increasing digitalization and the widespread adoption of e-commerce are significantly boosting transaction volumes. Furthermore, the rising popularity of reward programs and cashback offers incentivize credit card usage among consumers. The growing prevalence of buy-now-pay-later (BNPL) schemes, while technically distinct, indirectly fuels credit card market growth by normalizing credit usage and fostering a more financially inclusive environment. However, the market faces some constraints, including increasing regulatory scrutiny on credit card interest rates and fees, and potential economic downturns that could impact consumer spending. The market is segmented by card type (general purpose, specialty), application (food, healthcare, travel etc.), and provider (Visa, Mastercard, others). Major players like Canadian Tire Corporation, Triangle Rewards, CIBC, Royal Bank of Canada, Scotiabank, TD Bank, and others compete intensely, often through innovative reward programs and partnerships. The market's future depends on successfully navigating evolving consumer preferences, technological advancements, and the regulatory landscape. The competitive landscape is characterized by a mix of large national banks and specialized providers. Banks leverage their extensive branch networks and established customer bases to offer a broad range of credit cards, often integrated with their other financial products. Specialty providers, on the other hand, focus on niche markets, offering cards with tailored benefits and rewards programs. The strategic partnerships between financial institutions and retailers (e.g., the Costco Mastercard, Air Canada partnerships) are crucial in driving customer acquisition and loyalty. Future growth will likely be influenced by the introduction of new technologies like embedded finance and further integration of credit cards into digital wallets. Maintaining a balance between profitability and consumer protection will be a key challenge for all market participants in the years ahead. Recent developments include: March 2024: HSBC Holdings successfully concluded the sale of its Canadian unit, HSBC Bank Canada, to Royal Bank of Canada (RBC) for a total transaction value of CAD 13.5 billion (equivalent to USD 9.96 billion)., January 2023: Desjardins Group, North America's largest financial cooperative, announced its intention to shift its credit card processing operations to Finserv Inc. Finserv, a prominent global player in payments and financial services technology, will consolidate Desjardins' management of various card portfolios, including consumer, commercial, prepaid, and business lines of credit, onto a unified platform. This move is expected to generate synergies, enabling Desjardins to introduce enhanced offerings for both its consumer members and business clients.. Key drivers for this market are: Usage of Credit Card and Bonus and Reward Points Associated, Easy Re-payment Option such as EMI. Potential restraints include: Usage of Credit Card and Bonus and Reward Points Associated, Easy Re-payment Option such as EMI. Notable trends are: Offers and Discounts are Steadily Increasing the Usage of Credit Cards.

A graphic that displays the dollar performance against other currencies reveals that economic developments had mixed results on currency exchanges. The third quarter of 2023 marked a period of disinflation in the euro area, while China's projected growth was projected to go up. The United States economy was said to have a relatively strong performance in Q3 2023, although growing capital market interest rate and the resumption of student loan repayments might dampen this growth at the end of 2023. A relatively weak Japanese yen Q3 2023 saw pressure from investors towards Japanese authorities on how they would respond to the situation surrounding the Japanese yen. The USD/JPY rate was close to ***, whereas analysts suspected it should be around ** given the country's purchase power parity. The main reason for this disparity is said to be the differences in central bank interest rates between the United States, the euro area, and Japan. Any future aggressive changes from, especially the U.S. Fed might lower those differences. Financial markets responded somewhat disappoint when Japan did not announce major plans to tackle the situation. Potential rent decreases in 2024 Central bank rates peak in 2023, although it is expected that some of these will decline in early 2024. That said, analysts expect overall policies will remain restrictive. For example, the Bank of England's interest rate remained unchanged at **** percent in Q3 2023. It is believed the United Kingdom's central bank will ease its interest rate in 2024 but less than either the U.S. Fed or the European Central Bank. This should be a positive development for the pound compared to either the euro or the dollar.

The Canadian student loan market, valued at $3.43 billion in 2025, is projected to experience steady growth, with a Compound Annual Growth Rate (CAGR) of 3.80% from 2025 to 2033. This growth is fueled by several key factors. Rising tuition fees and the increasing cost of living necessitate greater reliance on student loans for a significant portion of the student population. Government initiatives aimed at improving access to higher education, including various repayment plans like Standard, Graduated, REPAYE, and income-based options, also contribute positively. The market is segmented by loan type (federal/government and private), repayment plan, age group (24 or younger, 25-34, above 35), and end-user (graduate, high school, and others). The competitive landscape involves a mix of established banks (CIBC, BMO, HSBC, ICICI, HDFC Credila) and specialized student loan providers (Loans Canada, EliteScholars, Auxilo, Incred, Avanse). The prevalence of private loan options suggests a growing demand for flexible and customized financing solutions beyond government-backed programs. Future growth will depend on government policies regarding student aid, interest rates, economic conditions impacting student employment prospects post-graduation, and the continued innovation in loan products offered by private lenders. The market's segmentation highlights diverse needs. The younger age group (24 and under) likely represents a larger segment due to the initial entry into higher education. However, the 25-34 age group might exhibit higher loan amounts reflecting postgraduate studies or professional development. Graduate students generally require larger loan amounts than high school students. The various repayment plans cater to different income levels and financial situations, maximizing accessibility for students with varying financial profiles. The continued evolution of these repayment plans, coupled with competitive offerings from both public and private lenders, will be crucial factors influencing market dynamics over the forecast period. The continued expansion of online lending platforms also simplifies the application process and increases accessibility for students across Canada. Recent developments include: July 2023: HSBC Bank Canada raised its prime lending rate by 25 basis points, bringing it to 7.20% from the previous rate of 6.95%. HSBC Bank Canada, a subsidiary of HSBC Holdings plc ('HSBC Group'), stands as the prominent international bank in the country. The bank assists companies and individuals throughout Canada in conducting business and managing their finances both domestically and globally. They operate through four primary businesses: Commercial Banking, Global Banking, Markets and Securities Services, and Wealth and Personal Banking., February 2023: BMO Financial Group and BNP Paribas announced a long-term commercial agreement and a new cross-border framework to improve coverage and access to a global network for their commercial banking clients. Additionally, they will initiate a comprehensive leasing services partnership. Within the scope of this collaboration agreement, both banks will continue to provide and expand on international services available to their clients.. Key drivers for this market are: Higher Education Demand is Driving the Market, Government Initiatives are Driving the Market. Potential restraints include: Higher Education Demand is Driving the Market, Government Initiatives are Driving the Market. Notable trends are: Increased Cost of Tuition Fees is Driving the Market.

The North American used car financing market, exhibiting a robust CAGR of 8.26%, presents a significant opportunity for financial institutions and automotive lenders. The market's growth is fueled by several key factors. Increasing demand for used vehicles due to affordability concerns and a preference for shorter ownership cycles are driving market expansion. Furthermore, the diverse range of financing options offered by OEMs (Original Equipment Manufacturers), banks, and non-banking financial companies (NBFCs) caters to a broader spectrum of consumer needs and credit profiles. The market segmentation, encompassing various car types like hatchbacks, sedans, SUVs, and MPVs, further enhances its dynamism and complexity. While specific market size figures for 2025 are not provided, leveraging the CAGR and assuming a reasonable base year size, we can project substantial growth. Given the 2019-2024 historical period, a reasonable estimate for the 2025 market size for North America alone could be around $75 billion (considering the growth trends and size of the total US car market). This figure serves as a starting point for projections, demonstrating the significant scale of this market segment. The competitive landscape is characterized by a mix of established players like Royal Bank of Canada, Capital One, and Citigroup, alongside major automotive lenders such as Toyota Motor Credit Corporation and GM Financial. These players actively compete to capture market share through innovative financing products, competitive interest rates, and streamlined application processes. The market's regional focus on North America (specifically the United States, Canada, and Mexico) highlights its concentration within a relatively mature automotive market. However, future growth will depend upon factors such as macroeconomic conditions, interest rate fluctuations, and the evolving preferences of consumers within this segment. The ongoing shift towards digital financing solutions and the increased use of data analytics in risk assessment will likely shape the future competitive dynamics of this market. Sustained market growth depends upon maintaining consumer confidence, managing credit risk effectively, and responding strategically to the evolving technological landscape. This in-depth report provides a comprehensive analysis of the North America used car financing market, offering invaluable insights for investors, lenders, and industry stakeholders. The study period covers 2019-2033, with a base year of 2025 and a forecast period spanning 2025-2033. The report leverages historical data (2019-2024) to provide accurate estimations and future projections, focusing on key market drivers, challenges, and emerging trends within the $XXX million market. Recent developments include: July 2022: MercadoLibre and Brazilian financial service provider. Creditas, announced the launch of their new partnership in order to extend their used car loans in Mexico. Under this partnership, the two companies will expand their semi-new offerings throughout Mexico, starting from the capital of Mexico City., July 2022: ReCar, which is one of the used car platforms, announced the opening of its new used car Dealership in St. John's, Newfoundland, Canada. The company will offer used car financing, along with several other services, at this location.. Key drivers for this market are: Increasing Adoption of 2-wheelers across the Globe. Potential restraints include: Rise in demand of Electric Vehicles. Notable trends are: OEM based Financing to Gain Traction.

The North American used car financing market, valued at approximately $XX million in 2025, exhibits robust growth potential, projected to expand at a Compound Annual Growth Rate (CAGR) of 8.26% from 2025 to 2033. This expansion is driven by several key factors. Firstly, the increasing preference for used vehicles over new ones due to affordability concerns is a significant catalyst. Secondly, the rise in online used car marketplaces and streamlined financing options enhances accessibility and convenience for consumers. Thirdly, favorable lending terms offered by OEMs (Original Equipment Manufacturers), banks, and non-banking financial companies (NBFCs) further stimulate market growth. The market is segmented by car type (hatchbacks, sedans, SUVs, MPVs) and financier, with SUVs and financing through banks currently dominating respective segments. However, the increasing popularity of MPVs and the expansion of NBFCs in the market signify emerging opportunities. Competitive pressures among established players like Ally Financial, JPMorgan Chase, Bank of America, and Toyota Motor Credit Corporation, among others, drive innovation in product offerings and customer service. Geographical analysis reveals the United States, Canada, and Mexico as key contributors to the North American market. The US market, being the largest, is expected to continue its dominance, fueled by a large used car market and extensive financing options. However, growth in Canada and Mexico is also projected to be significant, driven by increasing vehicle ownership and expanding access to financing services. While potential restraints like fluctuating interest rates and economic downturns exist, the overall market outlook remains positive, driven by the aforementioned growth drivers and the continuous evolution of the used car financing landscape. The forecast period of 2025-2033 presents significant opportunities for established players and new entrants alike to capitalize on the growing demand for used car financing in North America. Recent developments include: July 2022: MercadoLibre and Brazilian financial service provider. Creditas, announced the launch of their new partnership in order to extend their used car loans in Mexico. Under this partnership, the two companies will expand their semi-new offerings throughout Mexico, starting from the capital of Mexico City., July 2022: ReCar, which is one of the used car platforms, announced the opening of its new used car Dealership in St. John's, Newfoundland, Canada. The company will offer used car financing, along with several other services, at this location.. Notable trends are: OEM based Financing to Gain Traction.

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.