Deposit Interest Rate in Canada was at 0.20 percent on Friday September 10. source: Bank of Canada

Deposit Interest Rate in Canada averaged 5.75 percent from 1975 until 2021, reaching an all time high of 22.06 percent in August of 1981 and a record low of -0.10 percent in October of 2020. This page includes a chart with historical data for Deposit Interest Rate in Canada. Deposit Interest Rate in Canada - values, historical data and charts - was last updated on September of 2021.

Deposit Interest Rate in Canada is expected to be 0.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Deposit Interest Rate in Canada is projected to trend around 0.45 percent in 2022 and 1.20 percent in 2023, according to our econometric models.

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Deposit Interest Rate in Canada

Actual Previous Highest Lowest Dates Unit Frequency
0.20 0.20 22.06 -0.10 1975 - 2021 percent daily

Canada Money Last Previous Highest Lowest Unit
Interest Rate 0.25 0.25 16.00 0.25 percent [+]
Interbank Rate 0.45 0.45 8.95 0.43 percent [+]
Money Supply M0 390890.00 390744.00 496802.00 2214.00 CAD Million [+]
Money Supply M1 1552301.00 1534862.00 1552301.00 30706.00 CAD Million [+]
Money Supply M2 2235219.00 2225461.00 2235219.00 25523.00 CAD Million [+]
Money Supply M3 3003837.00 2989239.00 3003837.00 37982.00 CAD Million [+]
Foreign Exchange Reserves 106539.00 90199.00 106539.00 1678.00 USD Million [+]
Banks Balance Sheet 1056435.00 1045136.00 1111082.00 201203.00 CAD Million [+]
Central Bank Balance Sheet 491687.00 481247.00 576479.00 2110.00 CAD Million [+]
Loans to Private Sector 470115.00 460100.00 538650.00 10904.00 CAD Million [+]
Deposit Interest Rate 0.20 0.20 22.06 -0.10 percent [+]
Foreign Stock Investment 19630.00 20810.00 50879.00 -24129.00 CAD Million [+]
Private Debt to GDP 304.10 275.40 304.10 174.40 percent [+]


Deposit Interest Rate in Canada
The Deposit Interest Rate is the average rate paid by commercial banks to individuals or corporations on deposits.