Deposit Interest Rate in Canada decreased to 1.81 percent on Friday May 17 from 1.83 percent in the previous trading day. Deposit Interest Rate in Canada averaged 6.01 percent from 1975 until 2019, reaching an all time high of 22.06 percent in August of 1981 and a record low of 0.10 percent in December of 2016.

Deposit Interest Rate in Canada is expected to be 1.89 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Deposit Interest Rate in Canada to stand at 2.14 in 12 months time. In the long-term, the Deposit Interest Rate in Canada is projected to trend around 2.39 percent in 2020, according to our econometric models.

Deposit Interest Rate in Canada
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Canada Money Last Previous Highest Lowest Unit
Interest Rate 1.75 1.75 16.00 0.25 percent [+]
Money Supply M0 94402.00 94101.00 94402.00 2214.00 CAD Million [+]
Money Supply M1 1004583.00 1001502.00 1008129.00 30706.00 CAD Million [+]
Interbank Rate 2.02 2.02 8.95 0.43 percent [+]
Money Supply M2 1687745.00 1680339.00 1687745.00 25523.00 CAD Million [+]
Money Supply M3 2470544.00 2438126.00 2470544.00 37982.00 CAD Million [+]
Central Bank Balance Sheet 116111.00 114373.00 116111.00 2110.00 CAD Million [+]
Banks Balance Sheet 6011523.00 5900023.00 6082930.00 10516.00 CAD Million [+]
Foreign Exchange Reserves 84832.00 83416.00 87872.00 1678.00 USD Million [+]
Loans to Private Sector 442354.00 431113.00 442354.00 10904.00 CAD Million [+]
Deposit Interest Rate 1.81 1.83 22.06 0.10 percent [+]
Foreign Stock Investment -1488.00 12394.00 38935.00 -24129.00 CAD Million [+]
Private Debt to GDP 266.61 264.66 266.61 175.61 percent [+]


Deposit Interest Rate in Canada

The Deposit Interest Rate is the average rate paid by commercial banks to individuals or corporations on deposits. This page includes a chart with historical data for Deposit Interest Rate in Canada. Deposit Interest Rate in Canada - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.81 1.83 22.06 0.10 1975 - 2019 percent daily




Country Last Previous
Argentina 51.63 May/19
Turkey 22.50 Apr/19
South Africa 7.12 Feb/19
Brazil 6.19 Mar/19
Russia 6.12 Mar/19
Indonesia 5.25 May/19
Mexico 3.69 Feb/19
Saudi Arabia 3.40 May/19
South Korea 2.07 Feb/19
Australia 1.85 Apr/19
Canada 1.81 May/19
United Kingdom 0.50 May/19
China 0.35 Apr/19
Singapore 0.20 Apr/19
Japan -0.22 May/19
Switzerland -0.31 Mar/19
Euro Area -0.40 Apr/19


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