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.

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; ...).

Key information about Canada Long Term Interest Rate

• Canada Government Benchmark Bonds Yield: Month End: 10 Years was reported at 3.12 % pa in Oct 2025, compared with 3.17 % pa in the previous month.
• Canada Long Term Interest Rate data is updated monthly, available from Jan 1993 to Oct 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 2.21 % pa in Oct 2025.
• The cash rate (Policy Rate: Month End: Overnight Target Rate) was set at 2.25 % pa in Oct 2025.
• Canada Exchange Rate against USD averaged 1.40 (USD/CAD) in Oct 2025.

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.

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

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.

In September 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 September 2025, Russia maintained the highest interest rate at 17 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 -0.3 percent in September 2025. In contrast, Russia maintained a high inflation rate of 8 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.

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); ...).

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

Monthly and long-term Canada Interest Rate data: historical series and analyst forecasts curated by FocusEconomics.

View market daily updates and historical trends for Secured Overnight Financing Rate. from United States. Source: Federal Reserve Bank of New York. Track …

The health of the construction sector varies significantly based on factors such as macroeconomic conditions, interest rates, foreign demand and public investment, making construction machinery producers susceptible to considerable revenue volatility. During the early stages of the 2020 pandemic, demand for new equipment slowed sharply, primarily due to weaker nonresidential construction activity. The Bank of Canada responded by cutting interest rates to stimulate the economy, leading to a revenue boom in 2021. Although rates began to rise in 2022, the recovering construction sector sustained revenue and profit gains, although at a slower pace. As macroeconomic conditions improved, interest rates started to fall in 2024. Although lower rates typically support construction activity, an extended period of high rates limited revenue growth, resulting in relatively small changes in revenue in 2024 and 2025. Construction machinery producers have benefited from public sector infrastructure initiatives. Government investment in projects such as roads, bridges and energy and manufacturing facilities supports demand for construction companies, which rely heavily on machinery. Higher commodity prices have boosted machinery demand from the mining, agriculture and forestry sectors, driving machinery sales. Overall, these factors are set to cause revenue to strengthen at a CAGR of 8.3% to $3.9 billion by the end of 2025, including a 0.5% gain in that year. Canadian producers continue to face significant competition from the international market. The Canadian dollar’s recent depreciation has boosted the value of exports, supporting revenue gains. Despite this, imported equipment satisfies more than 80.0% of domestic demand, while exports generate over half of producers’ revenue, making the sector highly sensitive to global macroeconomics and construction trends. Strong import competition also limits manufacturers’ ability to pass on fluctuating input costs, as offering competitive pricing remains key. Despite these trends, a strong domestic market has reduced import penetration and made exports a smaller share of revenue. Demand for new construction equipment is expected to continue growing, though at a slower pace. Public investment in infrastructure will be a key driver for manufacturers as large-scale projects require significant machinery. Producers will also benefit from ongoing construction activity in the US market, driven by demand from the residential sector and potential interest rate cuts by the Federal Reserve. While declining input prices will help producers remain competitive, significant price-based competition from foreign manufacturers, primarily from the United States, Japan and China, will limit profit gains. Producers will face some uncertainty over the coming years surrounding trade conditions. Revenue is set to grow at a CAGR of 1.1% to $4.2 billion through the end of 2030.

Mortgage interest rates worldwide varied greatly in June 2025, from less than ******percent in many European countries to as high as ***percent in Turkey. The average mortgage rate in a country depends on the central bank's base lending rate and macroeconomic indicators such as inflation and forecast economic growth. Since 2022, inflationary pressures have led to rapid increases in mortgage interest rates. Which are the leading mortgage markets? An easy way to estimate the importance of the mortgage sector in each country is by comparing household debt depth, or the ratio of the debt held by households compared to the county's GDP. In 2024, Switzerland, Australia, and Canada had some of the highest household debt to GDP ratios worldwide. While this indicator shows the size of the sector relative to the country’s economy, the value of mortgages outstanding allows to compare the market size in different countries. In Europe, for instance, the United Kingdom, Germany, and France were the largest mortgage markets by outstanding mortgage lending. Mortgage lending trends in the U.S. In the United States, new mortgage lending soared in 2021. This was largely due to the growth of new refinance loans that allow homeowners to renegotiate their mortgage terms and replace their existing loan with a more favorable one. Following the rise in interest rates, the mortgage market cooled, and refinance loans declined.

Canada’s security services industry is experiencing shifting market conditions shaped by economic pressures, emerging growth sectors and broader volatility. Demand has surged from vital markets such as oil, gas and manufacturing, particularly in Alberta, as companies boost spending on safety and site protection. Meanwhile, shifts in economic conditions have enhanced volatility in recent years. Enhanced concerns about public safety led to a substantial rise in demand for security services in the late 2010s and early 2020s, resulting in a notable increase in revenue in 2020 despite disruptions related to the COVID-19 pandemic. Elevated corporate profit during the economic recovery enabled providers to invest more heavily in security services, aiding revenue growth in 2021, though high inflation pushed revenue downward in 2022, as many buyers had to cut out some expenditures on security services to afford increasingly expensive necessities. More recently, high interest rates and recessionary fears temporarily weakened demand, causing revenue to continue to drop in 2023 and 2024, though anticipated Bank of Canada rate cuts could revive demand in 2025 and the years following. Stable government contracts from various agencies in Canada have cushioned revenue fluctuations, enabling providers to sustain investments in technology and workforce training. Rising hospital traffic and an aging population have also bolstered the need for on-site guards and specialized healthcare security services. Overall, revenue for security companies in Canada has waned at a CAGR of 1.4% over the last five years, reaching CA$8.3 billion in 2025. This includes a 0.3% increase in revenue in that year. Providers are anticipated to face new opportunities and challenges moving forward. Recent US trade policies, including new tariffs under the Trump administration, are expected to weigh on Canada’s economy and the security services sector. Because over three-quarters of Canadian exports go to the United States, reduced competitiveness and retaliatory tariffs have the potential to lower Canada’s GDP, ultimately constraining downstream demand and revenue growth. Nonetheless, projected long-term economic growth in Canada and outsourcing trends will help sustain revenue, as public agencies will increasingly rely on private security to meet operational needs. Rapid technological advances, however, will intensify competition from remote monitoring systems and automated surveillance tools. Despite slower job growth, rising wages for experienced guards and moderation in inflation could strengthen profitability, setting the stage for steady industry growth beyond 2025. Overall, revenue for Canadian security services businesses is forecast to rise at a CAGR of 1.0% in the next five years, reaching CA$8.8 billion in 2030.

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.

Plumbers have navigated a turbulent market, riding waves of growth and contraction spurred by fluctuating interest rates and shifting housing demands. Early in the recent five year period, historically low interest rates fueled a boom in single-family residential construction. This period of growth brought a surge in the need for plumbing services as prospective homeowners found affordable financing options attractive. However, this momentum was blunted by interest rate hikes, which significantly curtailed new single-family construction and dampened renovation expenditure. Interest rate cuts, which have been ongoing since April 2024, but were paused amid tariff uncertainty, may boost some new single-family construction. The multifamily market has expanded and benefitted plumbers, even amid high rates. Industry revenue has been increasing at a CAGR of 5.4% over the past five years to total an estimated $22.4 billion in 2025, including an estimated increase of 0.7% in 2025. Plumbers have showcased resilience amid economic volatility. New entrants have crowded the market, intensifying price competition and straining profit, while labour expenses have added to the financial pressure. The nonresidential market, which remained relatively stable because of the indispensable need for maintenance and repair, did see some shifts. The drop in office construction nudged commercial plumbers towards other markets like hotel construction. Despite these challenges, the rise in renovation activity has been a strong growth driver. The landscape appears promising for plumbers, buoyed by interest rate cuts and a recovering economy. The resurgence in single-family residential construction and robust apartment and condominium developments will provide a solid pipeline of new projects. With increasing energy prices, there will be a significant uptick in plumbing renovations to improve energy efficiency. Environmentally conscious plumbing solutions will become more mainstream, supported by government incentives and an eco-conscious clientele. As disposable incomes climb, homeowners will invest more in plumbing upgrades, driven by both functional needs and sustainability goals. Industry revenue is forecast to climb at a CAGR of 1.5% to total an estimated $24.1 billion through the end of 2030.

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.

Gasoline tax rates were last changed on July 1, 2022. The current rates are:

• unleaded gasoline - 9¢ per litre
• leaded gasoline - 17.7¢ per litre

The Aviation fuel tax rate was last changed on April 1, 2017. The current rate is 6.7¢ per litre.

Effective January 1, 2020, a new rate was established for Northern Ontario. The rate for Northern Ontario is 2.7¢ per litre.

The Gasoline Tax Act has been amended to eliminate the taxation of propane under the Act, beginning July 1, 2025.

• However, interjurisdictional carriers who acquires propane anywhere will pay a tax at the rate of 0 cents per litre on all propane used by the interjurisdictional carrier in Ontario to generate power in a qualified motor vehicle.

You can download the dataset to view the historical price points for these taxes.

The Canada blockchain in finance market size reached USD 162.03 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 11,267.67 Million by 2033, exhibiting a growth rate (CAGR) of 55.58% during 2025-2033. The increasing demand for transparency and security in transactions, rising investment in fintech, growing regulatory support, the growing need for cost reduction in financial processes, the widespread adoption of cryptocurrencies and decentralized finance (DeFi) solutions, and advancements in technology are some of the major factors propelling the growth of the market.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on type and application.