Borrowing rates declined in the spring of 2020 and have remained low https://www.bankofcanada.ca/?p=220700 Interest rate major banks charged on new loans Interest rate major banks charged on existing loans Canada non-financial corporate bond index 3.94.32.976434783 4.14.32.973363636 4.23.82.978952381 4.23.92.836318182 4.32.6548095243.9 3.22.92.952590909 3.2491428573.12.5 3.12.52.861000000 2.5462272733.12.7 2.3733043482.73.1 3.12.2332380952.7 3.12.1840000002.7 2.72.2793913043.1 2.63.02.259904762 2.73.02.141500000 2.73.02.110333333 2.62.92.261428571