Canada Bank Lending RateCanada Bank Lending RateCanada Bank Lending Rate

Canada Bank Lending Rate

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Key data points


Last release
Observation period
Oct 2024
Next release
Forecast
Highest
22.75% on Aug 31, 1981
Lowest
2.25% on May 31, 2010

About Canada Bank Lending Rate


Category
Consumer
Frequency
Monthly
Units
%
In Canada, the prime lending rate is the average rate of interest charged on loans by commercial banks to the most credit-worthy borrowers.