Canadian Interest Rates

  • Canada

Interest Rates

Indicator    Date Change
Bank Rate 1.25 Dec 14, 2017 -- 
Yield Curve 1m 0.85 Dec 14, 2017 -- 
3m 0.93 Dec 14, 2017 +2.00 bps
6m 1.13 Dec 14, 2017 +1.00 bps
1y 1.40 Dec 14, 2017 +2.00 bps
2y 1.57 Dec 14, 2017 +7.00 bps
3y 1.61 Dec 14, 2017 +6.00 bps
5y 1.70 Dec 14, 2017 +5.00 bps
7y 1.78 Dec 14, 2017 +5.00 bps
10y 1.86 Dec 14, 2017 +2.00 bps
30y 2.15 Dec 14, 2017 -- 
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 Dec 14, 2017 -- 
Overnight Money Market Financing Rate 0.9967 Dec 13, 2017 +0.13 bps
Overnight Repo Rate Avg 0.9970 Dec 14, 2017 +2.27 bps
Overnight Target Rate 1.00 Dec 15, 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.
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