Bank Lending Rate in Canada remained unchanged at 2.45 percent in September from 2.45 percent in August of 2021. source: Bank of Canada

Bank Lending Rate in Canada averaged 7.12 percent from 1960 until 2021, 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 October of 2021.

Bank Lending Rate in Canada is expected to be 2.45 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 2.70 percent in 2022 and 3.45 percent in 2023, according to our econometric models.

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Canada Chartered Banks Prime Lending Rate


Canada Last Unit Reference Previous Highest Lowest
Bank Lending Rate 2.45 percent Sep/21 2.45 22.75 2.25


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.