Effective October 1, 2019, the Bank of Canada will no longer publish the monthly Chartered Bank Interest Rates. As well, the weekly rate will be relocated on our website.
These interest rates represent the typical posted rates offered by the six major chartered banks in Canada for the prime rate, conventional mortgages, guaranteed investment certificates, and daily interest savings, among other things.
The monthly Chartered Bank Interest Rates will be discontinued because they are simply the last weekly Wednesday rate of each month. The historical data, including the five-year monthly conventional mortgage rate, remains available on the Statistics Canada’s website (series V122521).
The weekly Chartered Bank Interest Rates are now posted on a new Banking and Financial Statistics table on the Bank’s website: Interest rates posted for selected products by the major chartered banks. All historical data in this table are available for download. The methodology used to calculate the interest rates remains unchanged and can be found in the notes. Effective October 1, 2019, the weekly rates will no longer be posted on the Canadian Interest Rates and Monetary Policy Variables: 10-year lookup page; they will only be available through this new table.
For further inquiries, contact the Bank of Canada.