Canada Policy Rate
1992 - 2024 | Monthly | % pa | Bank of Canada
Key information about Canada Policy Rate
- Canada cash rate (Policy Rate: Month End: Overnight Target Rate) was set at 5.00 % pa in Apr 2024, compared with 5.00 % pa in the previous Mar 2024.
- Canada Policy Rate averaged 2.50 % pa and is updated monthly, available from Dec 1992 to Apr 2024.
- The data reached an all-time high of 8.13 % pa in Feb 1995 and a record low of 0.25 % pa in Feb 2022.
Related information about Canada Policy Rate
- In the latest reports, Canada Short Term Interest Rate: Month End: Treasury Bills Yield: 3 Months was reported at 4.99 % pa in Mar 2024.
- Its Long Term Interest Rate (Government Benchmark Bonds Yield: Month End: 10 Years) was reported at 3.45 % pa in Mar 2024.
- Canada Exchange Rate against USD averaged 1.33 (USD/CAD) in Jun 2023.
- Its Real Effective Exchange Rate was 90.59 in Mar 2024.
View Canada's Policy Rate from Dec 1992 to Apr 2024 in the chart:
What was Canada's Policy Rate in Apr 2024?
Canada cash rate (Policy Rate: Month End: Overnight Target Rate) was set at 5.00 % pa in Apr 2024, compared with 5.00 % pa in the previous Mar 2024. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 5.00 Apr 2024 | 5.00 Mar 2024 | 0.25 Feb 2022 | 8.13 Feb 1995 | % pa | monthly | Dec 1992 - Apr 2024 |
Policy Rate by Country Comparison
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Includes Policy Rate on 108 economies standardised by CEIC. Instant access to full history data in excel.
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (% pa) | 3.25 Apr 2024 | monthly | Jan 2000 - Apr 2024 |
| Algeria (% pa) | 3.00 Sep 2023 | monthly | Jan 1963 - Sep 2023 |
| Argentina (%) | 51.02 Apr 2024 | monthly | Aug 1985 - Apr 2024 |
| Armenia (% pa) | 8.25 Apr 2024 | monthly | May 2001 - Apr 2024 |
| Australia (% pa) | 4.35 Apr 2024 | monthly | Aug 1990 - Apr 2024 |
| Austria (% pa) | 4.50 Apr 2024 | monthly | Jan 1999 - Apr 2024 |
| Azerbaijan (% pa) | 7.25 May 2024 | monthly | Jan 2005 - May 2024 |
| Bahrain (% pa) | 6.25 Apr 2024 | monthly | Jan 2007 - Apr 2024 |
| Bangladesh (% pa) | 8.00 Mar 2024 | monthly | Sep 2009 - Mar 2024 |
| Belarus (% pa) | 9.50 Apr 2024 | monthly | Jul 1991 - Apr 2024 |
| Belgium (% pa) | 4.50 Apr 2024 | monthly | Jan 1999 - Apr 2024 |
| Bolivia (% pa) | 3.01 Apr 2024 | monthly | Jan 2013 - Apr 2024 |
| Botswana (% pa) | 3.75 Apr 2022 | monthly | Aug 1976 - Apr 2022 |
| Brazil (% pa) | 10.75 Apr 2024 | monthly | Mar 1999 - Apr 2024 |
| Bulgaria (% pa) | 3.78 May 2024 | monthly | Feb 1991 - May 2024 |
| Canada (% pa) | 5.00 Apr 2024 | monthly | Dec 1992 - Apr 2024 |
| Chile (% pa) | 6.50 Apr 2024 | monthly | May 1995 - Apr 2024 |
| China (% pa) | 2.65 Jun 2023 | monthly | Jan 2016 - Jun 2023 |
| Colombia (% pa) | 12.25 Apr 2024 | monthly | Apr 1995 - Apr 2024 |
| Croatia (% pa) | 3.00 Dec 2022 | monthly | Dec 1992 - Dec 2022 |
| Cyprus (% pa) | 4.50 Apr 2024 | monthly | Jan 1999 - Apr 2024 |
| Czech Republic (% pa) | 4.75 Apr 2024 | monthly | Jan 1993 - Apr 2024 |
| Denmark (% pa) | 3.60 Apr 2024 | monthly | Aug 1914 - Apr 2024 |
| Ecuador (% pa) | 10.87 Apr 2024 | monthly | Jul 1995 - Apr 2024 |
| Egypt (% pa) | 27.75 Apr 2024 | monthly | Jan 1991 - Apr 2024 |
| Estonia (% pa) | 4.50 Apr 2024 | monthly | Jan 1999 - Apr 2024 |
| European Union (% pa) | 4.50 Apr 2024 | monthly | Jan 1999 - Apr 2024 |
| Finland (% pa) | 4.50 Apr 2024 | monthly | Jan 1999 - Apr 2024 |
| France (% pa) | 4.50 Apr 2024 | monthly | Jan 1999 - Apr 2024 |
| Georgia (% pa) | 8.25 Apr 2024 | monthly | Jan 2008 - Apr 2024 |
| Germany (% pa) | 4.50 Apr 2024 | monthly | Jan 1999 - Apr 2024 |
| Ghana (% pa) | 29.50 May 2023 | monthly | Nov 2002 - May 2023 |
| Greece (% pa) | 4.50 Apr 2024 | monthly | Jan 1999 - Apr 2024 |
| Hong Kong SAR, China (% pa) | 5.75 Apr 2024 | monthly | Jun 1992 - Apr 2024 |
| Hungary (% pa) | 7.75 Apr 2024 | monthly | Oct 1990 - Apr 2024 |
| Iceland (% pa) | 10.00 Apr 2024 | monthly | Jan 1994 - Apr 2024 |
| India (% pa) | 6.50 Apr 2024 | monthly | Apr 2001 - Apr 2024 |
| Indonesia (% pa) | 6.25 Apr 2024 | monthly | Jun 2015 - Apr 2024 |
| Ireland (% pa) | 4.50 Apr 2024 | monthly | Jan 1999 - Apr 2024 |
| Israel (% pa) | 4.50 Apr 2024 | monthly | Dec 1998 - Apr 2024 |
| Italy (% pa) | 4.50 Apr 2024 | monthly | Jan 1999 - Apr 2024 |
| Ivory Coast (% pa) | 2.50 Mar 2017 | monthly | Jan 1964 - Mar 2017 |
| Japan (% pa) | -0.10 Jun 2023 | monthly | Nov 2008 - Jun 2023 |
| Jordan (% pa) | 8.50 Apr 2024 | monthly | Dec 1965 - Apr 2024 |
| Kazakhstan (% pa) | 14.75 Apr 2024 | monthly | Feb 1992 - Apr 2024 |
| Kenya (% pa) | 13.00 Apr 2024 | monthly | Jul 2003 - Apr 2024 |
| South Korea (% pa) | 3.50 Apr 2024 | monthly | May 1999 - Apr 2024 |
| Kosovo (% pa) | 4.50 Apr 2024 | monthly | Jan 1999 - Apr 2024 |
| Kuwait (% pa) | 4.25 Apr 2024 | monthly | Jul 1999 - Apr 2024 |
| Kyrgyzstan (% pa) | 11.00 Apr 2024 | monthly | Jan 1999 - Apr 2024 |
| Laos (% pa) | 7.50 May 2023 | monthly | Dec 1992 - May 2023 |
| Latvia (% pa) | 4.50 Apr 2024 | monthly | Jan 1999 - Apr 2024 |
| Lebanon (% pa) | 10.00 Jan 2023 | monthly | Apr 1964 - Jan 2023 |
| Lithuania (% pa) | 4.50 Apr 2024 | monthly | Jan 1999 - Apr 2024 |
| Luxembourg (% pa) | 4.50 Apr 2024 | monthly | Jan 1999 - Apr 2024 |
| Macau SAR, China (% pa) | 5.75 Apr 2024 | monthly | Dec 1999 - Apr 2024 |
| North Macedonia (% pa) | 6.30 Apr 2024 | monthly | Jan 2002 - Apr 2024 |
| Malawi (% pa) | 26.00 Apr 2024 | monthly | Jan 1980 - Apr 2024 |
| Malaysia (% pa) | 3.00 Apr 2024 | monthly | Apr 2004 - Apr 2024 |
| Malta (% pa) | 4.50 Apr 2024 | monthly | Jan 1999 - Apr 2024 |
| Mauritius (% pa) | 4.50 Apr 2024 | monthly | Dec 1999 - Apr 2024 |
| Mexico (% pa) | 11.00 Apr 2024 | monthly | Jan 2008 - Apr 2024 |
| Moldova (% pa) | 3.75 Apr 2024 | monthly | Feb 2001 - Apr 2024 |
| Mongolia (% pa) | 12.00 Apr 2024 | monthly | Jul 2007 - Apr 2024 |
| Montenegro (% pa) | 4.50 Apr 2024 | monthly | Jan 1999 - Apr 2024 |
| Morocco (% pa) | 3.00 Apr 2024 | monthly | Jun 1995 - Apr 2024 |
| Myanmar (% pa) | 7.00 2024 | yearly | 1986 - 2024 |
| Nepal (% pa) | 7.00 Apr 2024 | monthly | Jul 2003 - Apr 2024 |
| Netherlands (% pa) | 4.50 Apr 2024 | monthly | Jan 1999 - Apr 2024 |
| New Zealand (% pa) | 5.50 May 2023 | monthly | Mar 1999 - May 2023 |
| Nigeria (% pa) | 24.75 Apr 2024 | monthly | Dec 2006 - Apr 2024 |
| Norway (% pa) | 4.50 Apr 2024 | monthly | Jan 1991 - Apr 2024 |
| Oman (% pa) | 6.00 Apr 2024 | monthly | May 2007 - Apr 2024 |
| Pakistan (% pa) | 23.00 Apr 2024 | monthly | Feb 1992 - Apr 2024 |
| Paraguay (% pa) | 6.00 Apr 2024 | monthly | Jul 2010 - Apr 2024 |
| Peru (% pa) | 6.00 Apr 2024 | monthly | Sep 2003 - Apr 2024 |
| Philippines (% pa) | 7.00 Apr 2024 | monthly | Jun 2016 - Apr 2024 |
| Poland (% pa) | 5.75 Apr 2024 | monthly | Jan 2005 - Apr 2024 |
| Portugal (% pa) | 4.50 Apr 2024 | monthly | Jan 1999 - Apr 2024 |
| Qatar (% pa) | 6.25 Mar 2024 | monthly | Mar 2003 - Mar 2024 |
| Romania (% pa) | 7.00 Apr 2024 | monthly | Jan 2003 - Apr 2024 |
| Russia (% pa) | 16.00 Apr 2024 | monthly | Sep 2013 - Apr 2024 |
| Saudi Arabia (% pa) | 6.00 Apr 2024 | monthly | Jan 2000 - Apr 2024 |
| Serbia (% pa) | 6.50 Apr 2024 | monthly | Jan 2001 - Apr 2024 |
| Singapore (% pa) | 4.00 Jun 2023 | monthly | Jul 2005 - Jun 2023 |
| Slovakia (% pa) | 4.50 Apr 2024 | monthly | Jan 1999 - Apr 2024 |
| Slovenia (% pa) | 4.50 Apr 2024 | monthly | Jan 1999 - Apr 2024 |
| South Africa (% pa) | 8.25 Apr 2024 | monthly | Nov 1999 - Apr 2024 |
| Spain (% pa) | 4.50 Apr 2024 | monthly | Jan 1999 - Apr 2024 |
| Sri Lanka (% pa) | 8.50 Apr 2024 | monthly | Jan 1997 - Apr 2024 |
| Sweden (% pa) | 4.00 Apr 2024 | monthly | Jan 1987 - Apr 2024 |
| Switzerland (% pa) | 1.44 Apr 2024 | monthly | Jun 1999 - Apr 2024 |
| Syria (% pa) | 5.00 Apr 2024 | monthly | Jan 1962 - Apr 2024 |
| Taiwan (% pa) | 2.00 Apr 2024 | monthly | Jul 1961 - Apr 2024 |
| Tajikistan (% pa) | 9.50 Apr 2024 | monthly | Jun 1995 - Apr 2024 |
| Thailand (% pa) | 2.50 Apr 2024 | monthly | May 2000 - Apr 2024 |
| Tunisia (% pa) | 8.00 Apr 2024 | monthly | Jan 2000 - Apr 2024 |
| Turkey (% pa) | 50.00 Apr 2024 | monthly | Jun 1996 - Apr 2024 |
| Ukraine (% pa) | 13.50 Apr 2024 | monthly | Dec 1992 - Apr 2024 |
| United Arab Emirates (% pa) | 5.40 Apr 2024 | monthly | Nov 2007 - Apr 2024 |
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| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -2.1 Dec 2023 | quarterly | Jun 1993 - Dec 2023 |
| Consolidated Fiscal Balance (USD mn) | 6,177.037 Feb 2024 | monthly | May 1992 - Feb 2024 |
| Tax Revenue (USD mn) | 29,059.259 Feb 2024 | monthly | Jan 1996 - Feb 2024 |
| Tax Revenue: % of GDP (%) | 12.1 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
| National Government Debt (USD mn) | 1,423,314.6 2023 | yearly | 1962 - 2023 |
| Government Debt: % of GDP (%) | 67.8 2023 | yearly | 1962 - 2023 |
| Forecast: Government Expenditure (CAD bn) | 1,516.003 2029 | yearly | 1980 - 2029 |
| Forecast: Government Net Debt (CAD bn) | 3,127.329 2028 | yearly | 1980 - 2028 |
| Forecast: Government Revenue (CAD bn) | 1,500.939 2029 | yearly | 1980 - 2029 |
| Budgetary Balance: Deficit or Surplus (CAD mn) | 8,339.000 Feb 2024 | monthly | May 1992 - Feb 2024 |
| Budgetary Expense (CAD mn) | -38,070.000 Feb 2024 | monthly | May 1992 - Feb 2024 |
| Budgetary Revenue: Tax Revenues (TR) (CAD mn) | 39,230.000 Feb 2024 | monthly | Jan 1996 - Feb 2024 |
| Budgetary Revenue (CAD mn) | 46,409.000 Feb 2024 | monthly | May 1992 - Feb 2024 |
| Budgetary Revenue: TR: Excise Taxes & Duties (CAD mn) | 4,959.000 Feb 2024 | monthly | Jan 1996 - Feb 2024 |
| FIN Forecast: Budgetary Revenue (CAD mn) | 573,800.000 2029 | yearly | 1996 - 2029 |
| FIN Forecast: Budgetary Expense (CAD mn) | 597,300.000 2029 | yearly | 1996 - 2029 |
| FIN Forecast: Budgetary Balance (CAD mn) | -18,400.000 2029 | yearly | 1996 - 2029 |
| FIN Forecast: Budgetary Revenue: Tax: Excise Taxes & Duties (ET) (CAD mn) | 82,000.000 2029 | yearly | 2000 - 2029 |
| Net Financing Activities (CAD mn) | 9,101.000 Feb 2024 | monthly | Jan 1996 - Feb 2024 |
| FIN Forecast: Federal Debt (CAD mn) | 1,362,200.000 2029 | yearly | 1997 - 2029 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 3.047 2028 | yearly | 1980 - 2028 |
| Trade Balance (USD mn) | -1,682.0 Mar 2024 | monthly | Jan 1988 - Mar 2024 |
| Total Exports (USD mn) | 46,220.2 Mar 2024 | monthly | Jan 1988 - Mar 2024 |
| Total Exports Growth (%) | -1.5 Mar 2024 | monthly | Jan 1989 - Mar 2024 |
| Aluminum: Exports (USD th) | 11,552,234.816 2022 | yearly | 1995 - 2022 |
| Exports: Medicament (USD th) | 9,821,982.309 2022 | yearly | 1995 - 2022 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 1,079,544.056 2022 | yearly | 1995 - 2022 |
| Total Imports (USD mn) | 47,902.2 Mar 2024 | monthly | Jan 1988 - Mar 2024 |
| Total Imports Growth (%) | 3.0 Mar 2024 | monthly | Jan 1989 - Mar 2024 |
| Imports: Medicament (USD th) | 11,462,582.313 2022 | yearly | 1995 - 2022 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 9,439,260.899 2022 | yearly | 1995 - 2022 |
| Total Exports to USA (USD mn) | 34,880.910 Mar 2024 | monthly | Jan 1988 - Mar 2024 |
| Total Imports from USA (USD mn) | 30,097.665 Mar 2024 | monthly | Jan 1997 - Mar 2024 |
| Total Exports to China (USD mn) | 1,775.118 Mar 2024 | monthly | Jan 1997 - Mar 2024 |
| Total Imports from China (USD mn) | 4,010.860 Mar 2024 | monthly | Jan 1997 - Mar 2024 |
| Coal Exports (kton) | 2,890.000 Feb 2024 | monthly | Jan 1977 - Feb 2024 |
| Imports: Value: HS: Photosensitive Semiconductor Devices, Light Emitting Diodes ... (CAD th) | 10,376.328 Mar 2024 | monthly | Jan 2022 - Mar 2024 |
| Imports: Value: HS: Photosensitive Semiconductor Devices, Photovoltaic Cells ass... (CAD th) | 14,010.061 Mar 2024 | monthly | Jan 2022 - Mar 2024 |
| Import Value (Val): HS: Iron and Steel (IS) (CAD th) | 998,451.526 Mar 2024 | monthly | Jan 1988 - Mar 2024 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 0.5 Dec 2023 | quarterly | Mar 2005 - Dec 2023 |
| Household Debt: % of GDP (%) | 101.2 Dec 2023 | quarterly | Mar 1969 - Dec 2023 |
| Money Supply M1 (USD mn) | 1,111,578.715 Feb 2024 | monthly | Mar 1975 - Feb 2024 |
| Money Supply M2 (USD mn) | 1,846,380.454 Feb 2024 | monthly | Jan 1968 - Feb 2024 |
| M2 Growth (%) | 3.8 Feb 2024 | monthly | Jan 1969 - Feb 2024 |
| Foreign Exchange Reserves (USD mn) | 93,627.0 Apr 2024 | monthly | Jun 1999 - Apr 2024 |
| Foreign Exchange Reserves: % of GDP (%) | 4.199 Dec 2023 | quarterly | Jun 1999 - Dec 2023 |
| Foreign Exchange Reserves: Months of Import (NA) | 1.8 Mar 2024 | monthly | Jun 1999 - Mar 2024 |
| Gold Reserves (USD mn) | 0.000 Apr 2024 | monthly | Dec 1956 - Apr 2024 |
| Total Deposits (USD mn) | 4,359,733.055 Feb 2024 | monthly | Jan 2009 - Feb 2024 |
| Total Deposits Growth (%) | 2.6 Feb 2024 | monthly | Jan 2010 - Feb 2024 |
| Domestic Credit (USD mn) | 4,639,365.4 Feb 2024 | monthly | Jan 1969 - Feb 2024 |
| Domestic Credit Growth (%) | 2.8 Feb 2024 | monthly | Jan 1970 - Feb 2024 |
| Debt Service Ratio: Households (%) | 14.500 Sep 2023 | quarterly | Mar 1999 - Sep 2023 |
| Debt Service Ratio: Private Non-Financial Sector (%) | 24.300 Sep 2023 | quarterly | Mar 1999 - Sep 2023 |
| Credit to Households (USD bn) | 2,181.612 Sep 2023 | quarterly | Mar 1969 - Sep 2023 |
| Credit to Private Non-Financial Sector (USD bn) | 4,677.640 Sep 2023 | quarterly | Mar 1954 - Sep 2023 |
| Household Debt (USD mn) | 2,154,364.7 Feb 2024 | monthly | Jan 1969 - Feb 2024 |
| Total Loans (USD mn) | 3,129,297.612 Feb 2024 | monthly | Jan 1969 - Feb 2024 |
| Total Loans Growth (%) | 2.83 Feb 2024 | monthly | Jan 1970 - Feb 2024 |
| Private Debt: % of Nominal GDP (%) | 217.35 Dec 2023 | quarterly | Mar 1969 - Dec 2023 |
| Money Supply: M2+: M2: Gross (CAD mn) | 2,504,828.000 Feb 2024 | monthly | Jan 1968 - Feb 2024 |
| Money Supply: M1+: Gross: sa (CAD mn) | 1,508,190.000 Feb 2024 | monthly | Mar 1975 - Feb 2024 |
| Money Supply: M2+: M2: Gross: sa (CAD mn) | 2,505,169.000 Feb 2024 | monthly | Jan 1968 - Feb 2024 |
| Money Supply: M3: Gross: sa (CAD mn) | 3,611,688.000 Feb 2024 | monthly | Jan 1970 - Feb 2024 |
| Money Supply: M1+: Gross (CAD mn) | 1,494,072.000 Feb 2024 | monthly | Mar 1975 - Feb 2024 |
| Money Supply: M3: Gross (CAD mn) | 3,620,110.000 Feb 2024 | monthly | Jan 1970 - Feb 2024 |
| Official International Reserves: Gold (USD mn) | 0.000 Apr 2024 | monthly | Dec 1994 - Apr 2024 |
| Official International Reserves (USD mn) | 121,032.000 Apr 2024 | monthly | Dec 1994 - Apr 2024 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | 12.4 Apr 2024 | monthly | Dec 2001 - Apr 2024 |
| Purchasing Manager Index: Seasonally Adjusted (NA) | 63.000 Apr 2024 | monthly | Dec 2000 - Apr 2024 |
More Indicators for Canada
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