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.