Canada Interest Rate
The rate banks charge each other for overnight loans, closely tracks the Bank of Canada's target rate, but this isn't the BoC's own published rate series directly.
2.24%
Matches the latest releaseNot refreshed recently, awaiting the next release
Explore the full Canada economy15 live indicators on one dashboard, from growth and prices to jobs, trade and public finances. Updated automatically from official sources.Interest Rate
Jan 1975 to Sep 2026
Source: FRED series IRSTCI01CAM156N · interbank overnight rate, monthly.
Canada Interest Rate in context
Worked out from the published series shown above.
In Canada, the interest rate fell by 0.44pp over the year to Sep 2026, from 2.67% in Sep 2025.
It is the lowest reading since Jul 2022.
Over the past five years it has ranged from 0.16% in Dec 2021 to 5.03% in Jan 2024.
Its average since Jan 1975 is 5.44%, and the latest reading is below that.
Canada is 38th of 40 countries in our Interest Rate by Country ranking.
How this series is defined
Everything you need to check the figure against the source.
- Source
- FRED
- Series
- IRSTCI01CAM156N
- Frequency
- Monthly
- Unit
- %
- Seasonal adjustment
- Not applicable, interest rates are not seasonally adjusted
- Latest observation
- Sep 2026
- Revision status
- Latest published estimate, subject to revision
Data refreshed 2026-11-06. Figures are the latest published observations and can be revised.
More Canada indicators
Latest readings. Open any one for its full history.
Rankings
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