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Canada Interest Rate

Last Release
Jan 2020
Actual
1.75 %
Forecast
1.75 %
Previous
1.75 %
Frequency
Daily
Units In
%
Next Release
Mar 4, 2020
Time to Release
1 Months 7 Days 22 Hours
Highest
Lowest
Average
Date Range
Source
16 %
Feb 1991
0.25 %
May 2010
5.86 %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%
DATETIMEEVENT
Jan 22, 202015:00BoC Interest Rate Decision
Dec 4, 201915:00BoC Interest Rate Decision
Dec 15, 201514:45BoC Gov Poloz Speech
Dec 8, 201515:50BoC Gov Poloz Speech
Oct 12, 201515:20BoC Gov Poloz Speech
Oct 10, 201516:45BoC Gov Poloz Speech
Sep 21, 201516:45BoC Gov Poloz Speech

A Look at the Markets

Educational Pieces on Marco Indicators

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Canada money Indicators

All Canada indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
Banks Balance Sheet
6,152,683
Oct 2019
6,265,890
Sep 2019
10,516
Apr 1954
6,265,890
Sep 2019
CAD MillionMonthly1954 - 2019
Central Bank Balance Sheet
117,356
Nov 2019
118,283
Oct 2019
2,110
Feb 1950
120,053
Aug 2019
CAD MillionMonthly1950 - 2019
Deposit Interest Rate
1.8
Jan 2020
1.8
Jan 2020
0.1
Dec 2017
22.06
Aug 1981
%Daily1975 - 2020
Foreign Exchange Reserves
85,297
Dec 2019
85,013
Nov 2019
1,678
May 1962
87,872
Jan 2019
USD MillionMonthly1953 - 2019
Foreign Stock Investment
-1,750
Nov 2019
11,310
Oct 2019
-24,129
Oct 2007
39,139
Feb 2017
CAD MillionMonthly1988 - 2019
Interbank Rate
2.03
Jan 2020
2.03
Jan 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
1.75
Jan 2020
1.75
Dec 2019
0.25
May 2010
16
Feb 1991
%Daily1990 - 2020
Mexico
7.25
Dec 2019
7.5
Nov 2019
3
Nov 2015
9.25
Oct 2005
%Daily2005 - 2019
United States
1.75
Dec 2019
1.75
Nov 2019
0.25
Nov 2015
20
May 1981
%Daily1971 - 2019
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