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Canadian Interest Rates and Monetary Policy Variables: 10-Year Lookup

Notice: Since 30 March 2015 Thomson Reuters Benchmark Services Limited has been responsible for the calculation of the CORRA rate. This rate, as calculated by Thomson Reuters, is published by the Bank at the end of the day. (More information).

Notice: As part of a periodic exercise to review and update current definitions, the Overnight Money Market Financing Rate (OMMFR) has been updated to provide more clarity on the calculation of this metric, specifically the types of collateral and transactions that are included. Also as part of this review, effective 1 October 2016, the Bank of Canada will be delaying the publication of the OMMFR by an additional business day. Hence, from that date, the OMMFR will be available shortly after 9:00 ET two business days following its calculation. (More information).

Specific Date or Range

Date Format: yyyy-mm-dd

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Search Criteria
Monetary Policy and LVTS Statistics Daily Weekly Monthly
Target for the overnight rate
Overnight money market financing rate
Bank rate
Overnight repo rate (CORRA)
Operating band Low
High
Overnight Repos (OR)1
Overnight Reverse Repos (ORR)1
LVTS settlement balances Target
Actual
Other Bank of Canada Operations Daily Weekly Monthly
Term Purchase and Resale agreements
Securities lending operations
Chartered Bank Interest Rates Daily Weekly Monthly
Prime business ("prime rate")
Conventional mortgage 1-year
3-year
5-year
Guaranteed investment certificates 1-year
3-year
5-year
5-year personal fixed term
Daily Interest Savings (balances over $100,000)
Non-Chequable Savings Deposits
Other Interest Rates Daily Weekly Monthly
Bankers' Acceptances 1 month
3 month
Prime corporate paper rate 1 month
2 month
3 month
Weekly effective household interest rate2
Weekly effective business interest rate3
Estimated variable mortgage rate

  1. As of 1 October 2015, Overnight Repos and Overnight Reverse Repos, formerly called Special Purchase and Resale Agreements and Sale and Repurchase Agreements, are transacted on a cash-value basis. [←]
  2. The effective interest rate for households is a weighted-average of various mortgage and consumer credit interest rates. The weights are derived from residential mortgage and consumer credit data, adjusted for additional information provided by financial institutions [←]
  3. The effective interest rate for businesses is a weighted-average borrowing rate for new lending to non-financial businesses, estimated as a function of bank and market interest rates. The weights are derived from business credit data. [←]

Notes:

  • Series frequency:
    • Daily series show values for each business day.
    • Weekly series values are as at Wednesday.
    • Monthly series show values for the last Wednesday of each month.
  • Where applicable, each series shows its CANSIM 'V' identifier.
  • For rates prior to the past ten years, please refer to CANSIM at Statistics Canada.

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