Canada Interest Rates


Last ReleaseMar 18, 2026
Previous2.25
FrequencyDaily
Next ReleaseApr 29, 2026
Time to Release1 Months 7 Days 3 Hours
Units In%
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.

Historical Data

HighestLowestAverageDate RangeSource
160.255.75 %1990-2026Bank of Canada
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