Canadian Interest Rates

  • Canada

Interest Rates

Indicator    Date Change
Bank Rate 1.25 Oct 13, 2017 -- 
Yield Curve 1m 0.83 Oct 13, 2017 -- 
3m 0.97 Oct 13, 2017 +1.00 bps
6m 1.15 Oct 13, 2017 -- 
1y 1.43 Oct 13, 2017 +3.00 bps
2y 1.54 Oct 13, 2017 -2.00 bps
3y 1.57 Oct 13, 2017 -3.00 bps
5y 1.72 Oct 13, 2017 -3.00 bps
7y 1.86 Oct 13, 2017 -4.00 bps
10y 2.03 Oct 13, 2017 -5.00 bps
30y 2.39 Oct 13, 2017 -5.00 bps
LIBOR Yield Curve o/n 0.97400 Mar 21, 2013 -- 
1w 1.00600 Mar 21, 2013 -0.20 bps
2w 1.02600 Mar 21, 2013 -- 
1m 1.04800 Mar 21, 2013 -- 
2m 1.12150 Mar 21, 2013 -- 
3m 1.18300 Mar 21, 2013 -- 
4m 1.25600 Mar 21, 2013 -0.20 bps
5m 1.33500 Mar 21, 2013 -- 
6m 1.38600 Mar 21, 2013 -- 
7m 1.44600 Mar 21, 2013 -- 
8m 1.51600 Mar 21, 2013 -0.20 bps
9m 1.57850 Mar 21, 2013 -0.20 bps
10m 1.63800 Mar 21, 2013 -0.20 bps
11m 1.72300 Mar 21, 2013 -0.20 bps
1y 1.79800 Mar 21, 2013 -0.20 bps
Lower Band 0.75 Oct 13, 2017 -- 
Overnight Money Market Financing Rate 0.9941 Oct 12, 2017 +0.95 bps
Overnight Repo Rate Avg 0.9964 Oct 13, 2017 +8.08 bps
Overnight Target Rate 1.00 Oct 16, 2017 -- 
Prime Rate 3.00 Jun 18, 2014 -- 
The interest rate is the cost associated with borrowing money; that is, the price of credit. In a loan transaction, the lender gives up the immediate use of funds to the borrower. In return, the lender receives compensation (interest), in addition to the eventual full repayment of the loan amount. Interest is expressed as a percentage of the loan amount. Setting interest rates is the primary monetary policy tool available to central banks to manage open market economies.