Bank Lending Rate in Canada increased to 5.95 percent in November from 5.45 percent in October of 2022. source: Bank of Canada

Bank Lending Rate in Canada averaged 7.05 percent from 1960 until 2022, 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 November of 2022.

Bank Lending Rate in Canada is expected to be 6.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Chartered Banks Prime Lending Rate is projected to trend around 6.20 percent in 2023 and 4.95 percent in 2024, according to our econometric models.

Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
Canada Chartered Banks Prime Lending Rate

Related Last Previous Unit Reference
Bank Lending Rate 5.95 5.45 percent Nov 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
5.95 5.45 22.75 2.25 1960 - 2022 percent Monthly