Bank Lending Rate in Canada remained unchanged at 2.45 percent in October from 2.45 percent in September of 2020.
Bank Lending Rate in Canada averaged 7.19 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. This page provides - Canada Prime Lending Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada Chartered Banks Prime Lending Rate - values, historical data and charts - was last updated on October of 2020. source: Bank of Canada
Bank Lending Rate in Canada is expected to be 4.20 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 2.45 in 12 months time. In the long-term, the Canada Chartered Banks Prime Lending Rate is projected to trend around 4.45 percent in 2021 and 3.20 percent in 2022, according to our econometric models.