Lending interest rate in Canada
Canada: Lending interest rate was 2.7% in 2017. ▼ Falling
Lending interest rate in Canada, 1960–2017
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
The most recent figure for lending interest rate in Canada is 2.7%, measured in 2017.
Compared with earlier readings it is down 55.8% over ten years.
Over the whole period, lending interest rate in Canada peaked at 19.3% in 1981 and was at its lowest, 2.4%, in 2009.
That places Canada 145th out of 148 countries with data for 2017, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 58 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 6.1% | 5.6% | 8.0% | 10 |
| 1970s | 9.0% | 6.0% | 12.9% | 10 |
| 1980s | 12.7% | 9.5% | 19.3% | 10 |
| 1990s | 7.7% | 5.0% | 14.1% | 10 |
| 2000s | 4.9% | 2.4% | 7.3% | 10 |
| 2010s | 2.8% | 2.6% | 3.0% | 8 |
Countries ranked near Canada
- 142 United States 3.2% compare
- 143 Switzerland 3.0% compare
- 144 Israel 3.0% compare
- 146 Netherlands 1.5% compare
- 147 Japan 1.0% compare
- 148 United Kingdom 0.5% compare
More financial sector data for Canada
- Net migration 326,204 (2025)
- Total reserves in months of imports 1.6 (2025)
- Net domestic credit 2.85 trillion current LCU (2008)
- Domestic credit to private sector by banks 124.1% (2008)
- Net foreign assets 11.25 billion current LCU (2008)
- Claims on central government, etc. 15.4% (2008)
- Monetary Sector credit to private sector 124.1% (2008)
- Domestic credit to private sector 124.1% (2008)
- Broad money 122.6% (2008)
- Official exchange rate 1.4 LCU per US$, period average (2025)
Frequently asked questions
- What is lending interest rate in Canada?
- Lending interest rate in Canada was 2.7% in 2017, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest lending interest rate recorded in Canada?
- The highest recorded value was 19.3% in 1981.
- What is the lowest lending interest rate recorded in Canada?
- The lowest recorded value was 2.4% in 2009.
- How does Canada rank for lending interest rate?
- Canada ranks 145th out of 148 countries with data for 2017.
- Is lending interest rate rising or falling in Canada?
- Over the last ten years it is down 55.8%. The long-run trend across the full record is falling.
- Where does this Canada data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Lending interest rate (%). Statizoid updates them automatically from the source API.
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CSV · JSON — 58 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Lending rate is the bank rate that usually meets the short- and medium-term financing needs of the private sector. This rate is normally differentiated according to creditworthiness of borrowers and objectives of financing. The terms and conditions attached to these rates differ by country, however, limiting their comparability.