Canada Chartered Banks Prime Lending Rate

Bank Lending Rate in Canada remained unchanged at 3.95 percent in January from 3.95 percent in December of 2018. Bank Lending Rate in Canada averaged 7.30 percent from 1960 until 2019, reaching an all time high of 22.75 percent in August of 1981 and a record low of 2.25 percent in April of 2009.

Bank Lending Rate in Canada is expected to be 3.95 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Bank Lending Rate in Canada to stand at 3.95 in 12 months time. In the long-term, the Canada Chartered Banks Prime Lending Rate is projected to trend around 3.95 percent in 2020, according to our econometric models.

Canada Chartered Banks Prime Lending Rate

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Canada Consumer	Last	Previous	Highest	Lowest	Unit
Consumer Confidence	54.17	52.43	57.05	46.80	Index Points	[+]
Retail Sales MoM	0.30	0.10	3.70	-4.50	percent	[+]
Retail Sales YoY	0.60	3.60	10.50	-6.50	percent	[+]
Retail Sales Ex Autos	0.00	0.10	3.30	-3.20	percent	[+]
Consumer Spending	1161382.00	1083677.00	1161382.00	172861.00	CAD Million	[+]
Disposable Personal Income	1230932.00	1248172.00	1248172.00	26768.00	CAD Million	[+]
Personal Savings	0.80	3.40	19.90	0.80	percent	[+]
Consumer Credit	619956.00	624427.00	624427.00	11066.00	CAD Million	[+]
Private Sector Credit	4316036.00	4296739.00	4316036.00	74836.00	CAD Million	[+]
Bank Lending Rate	3.95	3.95	22.75	2.25	percent	[+]
Households Debt To GDP	100.20	99.40	100.70	32.10	percent of GDP	[+]
Households Debt To Income	176.01	171.31	176.01	85.94	percent	[+]
Gasoline Prices	0.80	0.85	1.32	0.41	USD/Liter	[+]

In Canada, the prime lending rate is the average rate of interest charged on loans by commercial banks to the most credit-worthy borrowers. This page provides - Canada Prime Lending Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada Chartered Banks Prime Lending Rate - actual data, historical chart and calendar of releases - was last updated on January of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	3.95	3.95	22.75	2.25	1960 - 2019	percent	Monthly

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Country	Last		Previous	Range
Brazil	51.57	Nov/18	51.88	254 : 39.12	%
South Africa	10.25	Dec/18	10.25	25.5 : 5.5	%
India	9.45	Dec/18	9.45	20 : 8	%
Russia	9.00	Oct/18	9.09	449 : 7.9	%
Australia	8.65	Dec/18	8.65	20.5 : 8.1	%
United States	5.35	Dec/18	5.25	20.5 : 2	%
Singapore	5.33	Dec/18	5.33	14.98 : 5.28	%
China	4.35	Dec/18	4.35	12.06 : 4.35	%
Canada	3.95	Jan/19	3.95	22.75 : 2.25	%
South Korea	3.66	Nov/18	3.64	17.01 : 3.23	%
Germany	2.05	Nov/18	2.03	6.55 : 2.03	%
Euro Area	2.02	Nov/18	1.99	6.52 : 1.99	%
Italy	1.94	Nov/18	1.93	6.48 : 1.89	%
United Kingdom	1.75	Dec/18	1.75	18 : 1.25	%
France	1.72	Nov/18	1.67	6.29 : 1.67	%
Spain	1.46	Nov/18	1.19	6.29 : 1.18	%
Japan	1.00	Nov/18	1	9.9 : 0.9	%
Netherlands	0.85	Nov/18	0.96	6.26 : 0.85	%