Canada Three Month Interbank Rate (Cidor) decreased to 1.97 percent on Friday July 19 from 1.98 percent in the previous trading day. Interbank Rate in Canada averaged 3.17 percent from 1992 until 2019, reaching an all time high of 8.95 percent in November of 1992 and a record low of 0.43 percent in October of 2009.
Interbank Rate in Canada is expected to be 1.97 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interbank Rate in Canada to stand at 1.72 in 12 months time. In the long-term, the Canada Three Month Interbank Rate (Cidor) is projected to trend around 1.97 percent in 2020, according to our econometric models.