Deposit Interest Rate in Canada was at 0.16 percent on Friday June 18. source: Bank of Canada

Deposit Interest Rate in Canada averaged 5.78 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 June of 2021.

Deposit Interest Rate in Canada is expected to be 0.16 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 0.16 in 12 months time. In the long-term, the Deposit Interest Rate in Canada is projected to trend around 0.16 percent in 2022, according to our econometric models.

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Deposit Interest Rate in Canada

Actual Previous Highest Lowest Dates Unit Frequency
0.16 0.16 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 0.44 0.44 8.95 0.43 percent [+]
Money Supply M0 496802.00 494586.00 496802.00 2214.00 CAD Million [+]
Money Supply M1 1499998.00 1460600.00 1499998.00 30706.00 CAD Million [+]
Money Supply M2 2199732.00 2182624.00 2199732.00 25523.00 CAD Million [+]
Money Supply M3 2944239.00 2966079.00 2972740.00 37982.00 CAD Million [+]
Foreign Exchange Reserves 89205.00 84237.00 91742.00 1678.00 USD Million [+]
Banks Balance Sheet 456553.00 470238.00 527589.00 117326.00 CAD Million [+]
Central Bank Balance Sheet 476713.00 476164.00 576479.00 2110.00 CAD Million [+]
Loans to Private Sector 456553.00 470238.00 538650.00 10904.00 CAD Million [+]
Deposit Interest Rate 0.16 0.16 22.06 -0.10 percent [+]
Foreign Stock Investment 9954.00 4116.00 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.