Bank Lending Rate in Canada remained unchanged at 3.95 percent in January from 3.95 percent in December of 2019. Bank Lending Rate in Canada averaged 7.25 percent from 1960 until 2020, reaching an all time high of 22.75 percent in August of 1981 and a record low of 2.25 percent in April of 2009. source: Bank of Canada

Bank Lending Rate in Canada is expected to be 3.95 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Bank Lending Rate in Canada to stand at 3.95 in 12 months time. In the long-term, the Canada Chartered Banks Prime Lending Rate is projected to trend around 3.95 percent in 2020, according to our econometric models.


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Canada Chartered Banks Prime Lending Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.95 3.95 22.75 2.25 1960 - 2020 percent Monthly


Canada Chartered Banks Prime Lending Rate
In Canada, the prime lending rate is the average rate of interest charged on loans by commercial banks to the most credit-worthy borrowers.

Canada Consumer Last Previous Highest Lowest Unit
Consumer Confidence 51.50 53.18 57.05 46.80 points [+]
Retail Sales MoM -1.20 0.00 3.70 -4.50 percent [+]
Retail Sales YoY -0.60 1.00 10.50 -6.50 percent [+]
Retail Sales Ex Autos -0.50 -0.10 3.30 -3.20 percent [+]
Consumer Spending 1180781.00 1176249.00 1180781.00 182407.00 CAD Million [+]
Disposable Personal Income 1298848.00 1271464.00 1298848.00 24872.00 CAD Million [+]
Personal Savings 3.20 1.70 21.60 0.30 percent [+]
Consumer Credit 638549.00 639989.00 639989.00 11066.00 CAD Million [+]
Private Sector Credit 4500784.00 4496633.00 4500784.00 74836.00 CAD Million [+]
Bank Lending Rate 3.95 3.95 22.75 2.25 percent [+]
Households Debt To GDP 102.13 101.30 102.13 52.46 percent of GDP [+]
Households Debt To Income 174.01 174.05 174.05 83.56 percent [+]
Gasoline Prices 0.91 0.88 1.32 0.41 USD/Liter [+]