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Canada Interest Rate

Last Release
Jul 2020
Actual
0.25 %
Forecast
0.25 %
Previous
0.25 %
Frequency
Daily
Units In
%
Next Release
Sep 9, 2020
Time to Release
28 Days 19 Hours
Highest
Lowest
Average
Date Range
Source
16 %
Feb 1991
0.25 %
May 2010
5.84 %1990 - 2020Bank of Canada
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.

Latest Updates

The Bank of Canada left its benchmark interest rate unchanged at 1.75 percent on January 22nd 2020, as widely expected. It remained the highest rate since December 2008. Policymakers said that they will be closely monitoring the economy to see if the recent slowdown in growth is more persistent than forecast. The Committee noted that the growth slowdown was related to special factors including strikes, weather and inventory adjustments. The Bank Rate and deposit rate were also left unchanged at 2.0 percent and 1.50 percent, respectively.

Canada Interest Rate History

Last 12 readings

Latest Releases and Calendar Events

DATETIMETITLE
Jan 22, 202015:31Canada Holds Interest Rate at 1.75%
Dec 4, 201915:13Canada Leaves Monetary Policy Unchanged
Oct 30, 201914:03Canada Holds Interest Rate at 1.75%
Sep 4, 201914:04Canada Leaves Monetary Policy Unchanged
Jul 10, 201914:05Canada Holds Interest Rate at 1.75%
May 29, 201914:18Canada Leaves Monetary Policy Unchanged
Apr 24, 201914:03Canada Holds Interest Rate at 1.75%
DATETIMEEVENTActual
Jul 15, 202014:00BoC Interest Rate Decision0.25 %
Jun 3, 202014:00BoC Interest Rate Decision0.25 %
Apr 15, 202014:00BoC Interest Rate Decision0.25 %
Mar 27, 202013:00Interest Rate Decision0.25 %
Mar 13, 202018:30BoC Interest Rate Decision0.75 %
Mar 4, 202015:00BoC Interest Rate Decision1.25 %
Jan 22, 202015:00BoC Interest Rate Decision1.75 %

A Look at the Markets

Educational Pieces on Marco Indicators

all education articles

Canada money Indicators

All Canada indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
Banks Balance Sheet
7,161,761
May 2020
7,146,824
Apr 2020
10,516
Apr 1954
7,161,761
May 2020
CAD MillionMonthly1954 - 2020
Central Bank Balance Sheet
528,197
Jun 2020
470,381
May 2020
2,110
Feb 1950
528,197
Jun 2020
CAD MillionMonthly1950 - 2020
Deposit Interest Rate
0.18
Aug 2020
0.18
Aug 2020
0.02
May 2020
22.06
Aug 1981
%Daily1975 - 2020
Foreign Exchange Reserves
90,385
Jul 2020
87,277
Jun 2020
1,678
May 1962
90,385
Jul 2020
USD MillionMonthly1953 - 2020
Foreign Stock Investment
22,406
May 2020
49,035
Apr 2020
-24,129
Oct 2007
49,035
Apr 2020
CAD MillionMonthly1988 - 2020
Interbank Rate
0.53
Aug 2020
0.53
Aug 2020
0.43
Oct 2009
8.95
Nov 1992
%Daily1992 - 2020

Interest Rate across North America

Interest Rate global view
Country
Last
Previous
Min
Max
Unit
Frequency
Range
Canada
0.25
Jul 2020
0.25
Jun 2020
0.25
May 2010
16
Feb 1991
%Daily1990 - 2020
Mexico
5
Jul 2020
5
Jun 2020
3
Nov 2015
9.25
Oct 2005
%Daily2005 - 2020
United States
0.25
Jul 2020
0.25
Jun 2020
0.25
Nov 2015
20
May 1981
%Daily1971 - 2020

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