The Bank carries out monetary policy by influencing short-term interest rates. It does this by adjusting the target for the overnight rate on eight fixed dates each year.

Dec 10, 2025 · View weekly updates and historical trends for Canada Prime Rate. Source: Bank of Canada. Track economic data with YCharts analytics.

Key Takeaways Canada's prime rate as of today is currently at 4.45%, influenced by the Bank of Canada's policy interest rate, also known as the target for the overnight rate. The prime rate …

Jan 7, 2026 · The prime rate is the benchmark interest rate used by Canadian banks for loans and lines of credit. Banks typically adjust their prime rate in response to changes in the Bank …

2 days ago · Check our interactive graph to find out about prime rates in Canada from 1935 to January 2026 and our prediction for its future moves. See changes in the target overnight rate …

Dec 10, 2025 · The Bank of Canada held its policy rate at 2.25% in December 2025, keeping prime at 4.45%. Learn how the rate hold affects mortgages, HELOCs, debt costs and ...

Dec 10, 2025 · The country’s official prime rate is calculated by the Bank of Canada using a mode average of the Big Six banks’ individual prime rates. The Bank of Canada publishes the prime …

Mar 13, 2025 · Free online tool to see current Canadian prime rate chart and current Bank of Canada overnight rate chart.

3 days ago · Daily Digest Get quick access to data on exchange rates, money markets, inflation, interest rates and bond yields. All Bank of Canada exchange rates are indicative rates only, …

Dec 11, 2024 · The current prime rate in Canada is 4.95%. This prime rate was made effective April 16, 2025 when the Bank of Canada made the decision to hold the policy rate at 2.75%.