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.

Forecast: Bank Lending Interest Rate in Canada 2022 - 2026 Discover more data with ReportLinker!

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

Canada CA: Long-Term Interest Rate: Government Bonds data was reported at 2.900 % in 2026. This records a decrease from the previous number of 3.018 % for 2025. Canada CA: Long-Term Interest Rate: Government Bonds data is updated yearly, averaging 5.541 % from Dec 1960 (Median) to 2026, with 67 observations. The data reached an all-time high of 14.989 % in 1981 and a record low of 0.753 % in 2020. Canada CA: Long-Term Interest Rate: Government Bonds data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Canada – Table CA.OECD.EO: Interest Rate: Forecast: OECD Member: Annual. IRL - Long-term interest rate on government bonds; Yield 10-year federal government benchmark bond)

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

Key Interest Rate: Central Banks data was reported at 2.750 % in Dec 2026. This stayed constant from the previous number of 2.750 % for Sep 2026. Key Interest Rate: Central Banks data is updated quarterly, averaging 2.500 % from Jun 1996 (Median) to Dec 2026, with 123 observations. The data reached an all-time high of 5.750 % in Dec 2000 and a record low of 0.250 % in Dec 2021. Key Interest Rate: Central Banks data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Canada – Table CA.OECD.EO: Interest Rate: Forecast: OECD Member: Quarterly.

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.

Deposit Interest Rate in Canada remained unchanged at 4.91 percent on Wednesday April 10. This dataset includes a chart with historical data for Deposit Interest Rate in Canada.

Canada CA: Short-Term Interest Rate data was reported at 2.824 % in 2026. This records a decrease from the previous number of 3.011 % for 2025. Canada CA: Short-Term Interest Rate data is updated yearly, averaging 4.915 % from Dec 1960 (Median) to 2026, with 67 observations. The data reached an all-time high of 18.376 % in 1981 and a record low of 0.209 % in 2021. Canada CA: Short-Term Interest Rate data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Canada – Table CA.OECD.EO: Interest Rate: Forecast: OECD Member: Annual. IRS - Short-term interest rate

Canada CA: General Government: Gross Interest Receipts data was reported at 93.780 CAD bn in 2026. This records an increase from the previous number of 90.303 CAD bn for 2025. Canada CA: General Government: Gross Interest Receipts data is updated yearly, averaging 31.949 CAD bn from Dec 1970 (Median) to 2026, with 57 observations. The data reached an all-time high of 93.780 CAD bn in 2026 and a record low of 2.764 CAD bn in 1970. Canada CA: General Government: Gross Interest Receipts data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Canada – Table CA.OECD.EO: Government Accounts: General Government: Forecast: OECD Member: Annual. GGINTR - Gross general government interest receiptsData refer to the general government sector, which is a consolidation of accounts for the central, state and local government plus social security

Canada CA: General Government: % of GDP: Net Interest Payments data was reported at 0.412 % in Dec 2026. This records a decrease from the previous number of 0.434 % for Sep 2026. Canada CA: General Government: % of GDP: Net Interest Payments data is updated quarterly, averaging 0.720 % from Mar 1970 (Median) to Dec 2026, with 228 observations. The data reached an all-time high of 5.722 % in Jun 1995 and a record low of -1.671 % in Mar 2021. Canada CA: General Government: % of GDP: Net Interest Payments data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Canada – Table CA.OECD.EO: Government Accounts: % of GDP: Forecast: OECD Member: Quarterly. GNINTQ - Net general government interest payments, as a percentage of GDP

Canada CA: General Government: Gross Interest Payments data was reported at 108.223 CAD bn in 2026. This records an increase from the previous number of 106.876 CAD bn for 2025. Canada CA: General Government: Gross Interest Payments data is updated yearly, averaging 62.466 CAD bn from Dec 1970 (Median) to 2026, with 57 observations. The data reached an all-time high of 108.223 CAD bn in 2026 and a record low of 3.112 CAD bn in 1970. Canada CA: General Government: Gross Interest Payments data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Canada – Table CA.OECD.EO: Government Accounts: General Government: Forecast: OECD Member: Annual. GGINTP - Gross general government interest paymentsData refer to the general government sector, which is a consolidation of accounts for the central, state and local government plus social security

Canada CA: General Government: Property Income Received excluding Interest Receipts data was reported at 0.000 CAD bn in 2026. This stayed constant from the previous number of 0.000 CAD bn for 2025. Canada CA: General Government: Property Income Received excluding Interest Receipts data is updated yearly, averaging 0.000 CAD bn from Dec 1970 (Median) to 2026, with 57 observations. The data reached an all-time high of 0.000 CAD bn in 2026 and a record low of 0.000 CAD bn in 2026. Canada CA: General Government: Property Income Received excluding Interest Receipts data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Canada – Table CA.OECD.EO: Government Accounts: General Government: Forecast: OECD Member: Annual. YPERGX - Property income received by general government, excluding interest receiptsData refer to the general government sector, which is a consolidation of accounts for the central, state and local government plus social security OECD calculation, see OECD Economic Outlook database documentation

Canada CA: General Government: Cyclically Adjusted Current Disbursements excluding Gross Interest Payments data was reported at 1,240.628 CAD bn in 2026. This records an increase from the previous number of 1,207.205 CAD bn for 2025. Canada CA: General Government: Cyclically Adjusted Current Disbursements excluding Gross Interest Payments data is updated yearly, averaging 486.917 CAD bn from Dec 1985 (Median) to 2026, with 42 observations. The data reached an all-time high of 1,240.628 CAD bn in 2026 and a record low of 185.470 CAD bn in 1985. Canada CA: General Government: Cyclically Adjusted Current Disbursements excluding Gross Interest Payments data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Canada – Table CA.OECD.EO: Government Accounts: General Government: Forecast: OECD Member: Annual. YPGXA - Cyclically-adjusted current disbursements excluding gross interest payments, general government OECD calculation, see OECD Economic Outlook database documentation

Canada CA: General Government: Current Receipts excluding Gross Interest Receipts data was reported at 1,270.786 CAD bn in 2026. This records an increase from the previous number of 1,221.991 CAD bn for 2025. Canada CA: General Government: Current Receipts excluding Gross Interest Receipts data is updated yearly, averaging 373.414 CAD bn from Dec 1970 (Median) to 2026, with 57 observations. The data reached an all-time high of 1,270.786 CAD bn in 2026 and a record low of 29.570 CAD bn in 1970. Canada CA: General Government: Current Receipts excluding Gross Interest Receipts data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Canada – Table CA.OECD.EO: Government Accounts: General Government: Forecast: OECD Member: Annual. YRGX - Current receipts excluding gross interest receipts, general governmentData refer to the general government sector, which is a consolidation of accounts for the central, state and local government plus social security OECD calculation, see OECD Economic Outlook database documentation

Canada CA: General Government: % of Potential GDP: Cyclically Adjusted Current Disbursements excluding Interest Payment data was reported at 38.193 Ratio in 2026. This records a decrease from the previous number of 38.377 Ratio for 2025. Canada CA: General Government: % of Potential GDP: Cyclically Adjusted Current Disbursements excluding Interest Payment data is updated yearly, averaging 36.475 Ratio from Dec 1985 (Median) to 2026, with 42 observations. The data reached an all-time high of 45.579 Ratio in 2020 and a record low of 34.198 Ratio in 2005. Canada CA: General Government: % of Potential GDP: Cyclically Adjusted Current Disbursements excluding Interest Payment data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Canada – Table CA.OECD.EO: Government Accounts: % of Potential GDP: General Government: Forecast: OECD Member: Annual. YPGXQA - Cyclically-adjusted general government current disbursements excluding gross interest payments, as a percentage of potential GDP OECD calculation, see OECD Economic Outlook database documentation

长期利率：政府债券在12-01-2026达2.900%，相较于12-01-2025的3.018%有所下降。长期利率：政府债券数据按年更新，12-01-1960至12-01-2026期间平均值为5.541%，共67份观测结果。该数据的历史最高值出现于12-01-1981，达14.989%，而历史最低值则出现于12-01-2020，为0.753%。CEIC提供的长期利率：政府债券数据处于定期更新的状态，数据来源于Organisation for Economic Co-operation and Development，数据归类于全球数据库的加拿大 – Table CA.OECD.EO: Interest Rate: Forecast: OECD Member: Annual。

关键利率：中央银行在12-01-2026达2.750%，相较于09-01-2026的2.750%保持不变。关键利率：中央银行数据按季更新，06-01-1996至12-01-2026期间平均值为2.500%，共123份观测结果。该数据的历史最高值出现于12-01-2000，达5.750%，而历史最低值则出现于12-01-2021，为0.250%。CEIC提供的关键利率：中央银行数据处于定期更新的状态，数据来源于Organisation for Economic Co-operation and Development，数据归类于全球数据库的加拿大 – Table CA.OECD.EO: Interest Rate: Forecast: OECD Member: Quarterly。

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.