Canada Interest Rate

Last Release
Aug 2019
Actual
1.75 %
Forecast
1.75 %
Previous
1.75 %
Frequency
Daily
Units In
%
Next Release
Sep 4, 2019
Time to Release
12 Days 15 Hours
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Highest
Lowest
Average
Date Range
Source
16 %
Feb 1991
0.25 %
May 2010
5.87 % 1990 - 2019Bank 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 held its benchmark interest rate at 1.75 percent on July 10th 2019, as widely expected. It remained the highest rate since December 2008. Policymakers said that the degree of monetary policy accommodation is appropriate and noted that the economy outlook is clouded by ongoing global trade tensions. The Committee added that they will continue to monitor developments in the energy sector and the impact of trade conflicts on the prospects for domestic economic growth and inflation. 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
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
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
Aug 25, 201514:40BoC Deputy Gov Schembri Speech
Jun 11, 201513:15BoC Gov Poloz Speech

A Look at the Markets

Educational Pieces on Marco Indicators

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Canada money Indicators

All Canada indicators
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Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
Banks Balance Sheet
6,145,493
Jun 2019
6,131,223
May 2019
10,516
Apr 1954
6,145,493
Jun 2019
CAD MillionMonthly1954 - 2019
Central Bank Balance Sheet
118,362
Jul 2019
116,588
Jun 2019
2,110
Feb 1950
118,362
Jul 2019
CAD MillionMonthly1950 - 2019
Deposit Interest Rate
1.81
Aug 2019
1.81
Aug 2019
0.1
Dec 2017
22.06
Aug 1981
%Daily1975 - 2019
Foreign Exchange Reserves
85,260
Jul 2019
86,300
Jun 2019
1,678
May 1962
87,872
Jan 2019
USD MillionMonthly1953 - 2019
Foreign Stock Investment
-3,980
Jun 2019
10,284
May 2019
-24,129
Oct 2007
38,935
Feb 2017
CAD MillionMonthly1988 - 2019
Interbank Rate
1.96
Aug 2019
1.97
Aug 2019
0.43
Oct 2009
8.95
Nov 1992
%Daily1992 - 2019

Interest Rate across North America

Interest Rate global view
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Country
Last
Previous
Min
Max
Unit
Frequency
Range
Canada
1.75
Aug 2019
1.75
Jul 2019
0.25
May 2010
16
Feb 1991
%Daily1990 - 2019
Mexico
8
Aug 2019
8.25
Jul 2019
3
Nov 2015
9.25
Oct 2005
%Daily2005 - 2019
United States
2.25
Jul 2019
2.5
Jun 2019
0.25
Nov 2015
20
May 1981
%Daily1971 - 2019
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