Bank Lending Rate in Canada increased to 3.95 percent in November from 3.70 percent in October of 2018. Bank Lending Rate in Canada averaged 7.31 percent from 1960 until 2018, 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 3.70 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 4.45 in 12 months time. In the long-term, the Canada Chartered Banks Prime Lending Rate is projected to trend around 4.70 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 57.05 55.25 57.05 46.80 Index Points [+]
Retail Sales MoM -0.10 0.20 3.70 -4.50 percent [+]
Retail Sales YoY 3.60 3.50 10.50 -6.50 percent [+]
Retail Sales Ex Autos -0.40 0.80 3.30 -3.20 percent [+]
Consumer Spending 1083677.00 1076688.00 1083677.00 172861.00 CAD Million [+]
Disposable Personal Income 1248172.00 1242592.00 1248172.00 26768.00 CAD Million [+]
Personal Savings 3.40 4.40 19.90 0.90 percent [+]
Consumer Credit 622367.00 618362.00 622367.00 11066.00 CAD Million [+]
Private Sector Credit 4294167.00 4299899.00 4299899.00 74836.00 CAD Million [+]
Bank Lending Rate 3.95 3.70 22.75 2.25 percent [+]
Households Debt To GDP 99.40 100.00 100.70 32.10 percent of GDP [+]
Households Debt To Income 171.31 170.20 173.34 85.94 percent [+]
Gasoline Prices 0.94 1.01 1.32 0.41 USD/Liter [+]


Canada Chartered Banks Prime Lending Rate

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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
3.95 3.70 22.75 2.25 1960 - 2018 percent Monthly




Country Last
Brazil 52.17 Sep/18
South Africa 10.00 Oct/18
India 9.45 Nov/18
Russia 9.09 Sep/18
Australia 8.65 Oct/18
Singapore 5.33 Oct/18
United States 5.25 Oct/18
China 4.35 Oct/18
Canada 3.95 Nov/18
South Korea 3.61 Sep/18
Germany 2.05 Sep/18
Euro Area 2.01 Sep/18
Italy 1.96 Sep/18
France 1.81 Sep/18
United Kingdom 1.75 Nov/18
Spain 1.31 Sep/18
Japan 1.00 Sep/18
Netherlands 0.93 Sep/18


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