Canada Interest Rate  1990-2018 | Data | Chart | Calendar | Forecast

The Bank of Canada left its benchmark interest rate steady at 1.5 percent on September 5th 2018, in line with market expectations, following a 25bps hike in the previous meeting. Policymakers reinforced their vision that higher interest rates will be needed to achieve the inflation target of 2 percent. The Bank Rate is correspondingly 1.75 percent and the deposit rate is 1.25 percent. Interest Rate in Canada averaged 5.89 percent from 1990 until 2018, reaching an all time high of 16 percent in February of 1991 and a record low of 0.25 percent in April of 2009.

Canada Interest Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-05-30 02:00 PM BoC Interest Rate Decision 1.25% 1.25% 1.25% 1.25%
2018-07-11 02:00 PM BoC Interest Rate Decision 1.5% 1.25% 1.5% 1.5%
2018-09-05 02:00 PM BoC Interest Rate Decision 1.5% 1.5% 1.5% 1.5%
2018-10-24 02:00 PM BoC Interest Rate Decision 1.5% 1.75% 1.75%
2018-10-24 02:00 PM BoC Monetary Policy Report
2018-10-24 03:15 PM BoC Press Conference


Canada Money Last Previous Highest Lowest Unit
Interest Rate 1.50 1.50 16.00 0.25 percent [+]
Interbank Rate 2.15 2.14 8.95 0.43 percent [+]
Money Supply M0 92954.00 91480.00 92954.00 2214.00 CAD Million [+]
Money Supply M1 987004.00 980632.00 987004.00 30706.00 CAD Million [+]
Money Supply M2 1622646.00 1611709.00 1622646.00 25523.00 CAD Million [+]
Money Supply M3 2352721.00 2336698.00 2377425.00 37982.00 CAD Million [+]
Banks Balance Sheet 5652859.00 5552930.00 5676343.00 10516.00 CAD Million [+]
Central Bank Balance Sheet 114911.00 115921.00 115921.00 2110.00 CAD Million [+]
Foreign Exchange Reserves 80683.00 81238.00 86805.00 1678.00 USD Million [+]
Loans to Private Sector 409985.00 402786.00 409985.00 10904.00 CAD Million [+]
Deposit Interest Rate 0.10 0.10 15.96 0.05 percent [+]
Foreign Stock Investment 2817.00 15293.00 38783.00 -24129.00 CAD Million [+]
Private Debt to GDP 266.61 264.66 266.61 175.61 percent [+]


Canada Interest Rate

In Canada, benchmark interest rate is set by the Bank of Canada's (BoC) Governing Council. The official interest rate is the Overnight Rate. Since 1996 the Bank Rate is set at the upper limit of an operating band for the money market overnight rate. Previously, from March 1980 until February 1996 the Bank Rate was set at 25 basis points above the weekly average tender rate for 3-month Treasury bills. This page provides - Canada Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada Interest Rate - actual data, historical chart and calendar of releases - was last updated on October of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1.50 1.50 16.00 0.25 1990 - 2018 percent Daily




interest rate by Country
Country Last
Argentina 71.73 Oct/18
Turkey 24.00 Sep/18
Mexico 7.75 Oct/18
Russia 7.50 Sep/18
Brazil 6.50 Sep/18
India 6.50 Oct/18
South Africa 6.50 Sep/18
Indonesia 5.75 Oct/18
China 4.35 Sep/18
Saudi Arabia 2.75 Sep/18
United States 2.25 Sep/18
Australia 1.50 Oct/18
Canada 1.50 Sep/18
South Korea 1.50 Oct/18
Singapore 1.11 Sep/18
United Kingdom 0.75 Sep/18
Euro Area 0.00 Sep/18
France 0.00 Sep/18
Germany 0.00 Sep/18
Italy 0.00 Sep/18
Netherlands 0.00 Sep/18
Spain 0.00 Sep/18
Japan -0.10 Sep/18
Switzerland -0.75 Sep/18


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