Canada Bank Lending Interest Rate (2017)
Canada's Bank Lending Interest Rate: 2.7 % per annum in 2017, unchanged YoY. World Bank (FR.INR.LEND), 1960–2017.
Canada (2017)
2.7
% per annum
unchanged YoY
YoY Change
unchanged
percentage points
Trend
neutral
Series length
58
years of data
Data
| Year | % per annum | YoY Change |
|---|---|---|
| 2017 | 2.7 | unchanged |
| 2016 | 2.7 | -0.1pp |
| 2015 | 2.8 | -0.2pp |
| 2014 | 3 | unchanged |
| 2013 | 3 | unchanged |
| 2012 | 3 | unchanged |
| 2011 | 3 | +0.4pp |
| 2010 | 2.6 | +0.2pp |
| 2009 | 2.4 | -2.3pp |
| 2008 | 4.7 | -1.4pp |
| 2007 | 6.1 | +0.3pp |
| 2006 | 5.8 | +1.4pp |
| 2005 | 4.4 | +0.4pp |
| 2004 | 4 | -0.7pp |
| 2003 | 4.7 | +0.5pp |
| 2002 | 4.2 | -1.6pp |
| 2001 | 5.8 | -1.5pp |
| 2000 | 7.3 | +0.9pp |
| 1999 | 6.4 | -0.2pp |
| 1998 | 6.6 | +1.6pp |
About this Dataset
Canada recorded 2.7 % per annum in 2017. That is unchanged on the previous period. Across 1960–2017 the series ranges from 2.4 % per annum in 2009 to 19.3 % per annum in 1981.
This page tracks the prime or benchmark bank lending rate in Canada. Lending rates directly affect the cost of corporate borrowing and investment activity.
Data sourced from World Bank via Open Data API. Values use World Bank standardised methodology intended for cross-country comparison.
Frequently Asked Questions
This page tracks the prime or benchmark bank lending rate in Canada. Lending rates directly affect the cost of corporate borrowing and investment activity. It is published by World Bank and updated annually.
The most recent observation covers 2017. World Bank typically publishes this series with a lag of several months after the reference period. The series runs 1960–2017 (58 observations).
The series peaked at 19.3 % per annum in 1981 and reached its lowest recorded value of 2.4 % per annum in 2009. The latest reading is 2.7 % per annum in 2017. That is unchanged on the previous period.