Canada Policy Rate
1992 - 2025 | Monthly | % pa | Bank of Canada
Key information about Canada Policy Rate
- Canada cash rate (Policy Rate: Month End: Overnight Target Rate) was set at 3.00 % pa in Jan 2025, compared with 3.25 % pa in the previous Dec 2024.
- Canada Policy Rate averaged 2.50 % pa and is updated monthly, available from Dec 1992 to Jan 2025.
- 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 2.85 % pa in Jan 2025.
- Its Long Term Interest Rate (Government Benchmark Bonds Yield: Month End: 10 Years) was reported at 3.07 % pa in Jan 2025.
- Canada Exchange Rate against USD averaged 1.33 (USD/CAD) in Jun 2023.
- Its Real Effective Exchange Rate was 88.39 in Dec 2024.
View Canada's Policy Rate from Dec 1992 to Jan 2025 in the chart:
What was Canada's Policy Rate in Jan 2025?
Canada cash rate (Policy Rate: Month End: Overnight Target Rate) was set at 3.00 % pa in Jan 2025, compared with 3.25 % pa in the previous Dec 2024. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 3.00 Jan 2025 | 3.25 Dec 2024 | 0.25 Feb 2022 | 8.13 Feb 1995 | % pa | monthly | Dec 1992 - Jan 2025 |
Policy Rate by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (% pa) | 2.75 Jan 2025 | monthly | Jan 2000 - Jan 2025 |
| Algeria (% pa) | 3.00 Jan 2025 | monthly | Jan 1963 - Jan 2025 |
| Argentina (%) | 28.72 Jan 2025 | monthly | Aug 1985 - Jan 2025 |
| Armenia (% pa) | 7.00 Jan 2025 | monthly | May 2001 - Jan 2025 |
| Australia (% pa) | 4.35 Jan 2025 | monthly | Aug 1990 - Jan 2025 |
| Austria (% pa) | 3.15 Jan 2025 | monthly | Jan 1999 - Jan 2025 |
| Azerbaijan (% pa) | 7.25 Dec 2024 | monthly | Jan 2005 - Dec 2024 |
| Bahrain (% pa) | 5.25 Jan 2025 | monthly | Jan 2007 - Jan 2025 |
| Bangladesh (% pa) | 10.00 Dec 2024 | monthly | Sep 2009 - Dec 2024 |
| Belarus (% pa) | 9.50 Jan 2025 | monthly | Jul 1991 - Jan 2025 |
| Belgium (% pa) | 3.15 Jan 2025 | monthly | Jan 1999 - Jan 2025 |
| Bolivia (% pa) | 3.09 Jan 2025 | monthly | Jan 2013 - Jan 2025 |
| Botswana (% pa) | 3.75 Apr 2022 | monthly | Aug 1976 - Apr 2022 |
| Brazil (% pa) | 13.25 Jan 2025 | monthly | Mar 1999 - Jan 2025 |
| Bulgaria (% pa) | 2.82 Feb 2025 | monthly | Feb 1991 - Feb 2025 |
| Canada (% pa) | 3.00 Jan 2025 | monthly | Dec 1992 - Jan 2025 |
| Chile (% pa) | 5.00 Jan 2025 | monthly | May 1995 - Jan 2025 |
| China (% pa) | 2.65 Jun 2023 | monthly | Jan 2016 - Jun 2023 |
| Colombia (% pa) | 9.50 Jan 2025 | monthly | Apr 1995 - Jan 2025 |
| Croatia (% pa) | 3.00 Dec 2022 | monthly | Dec 1992 - Dec 2022 |
| Cyprus (% pa) | 3.15 Jan 2025 | monthly | Jan 1999 - Jan 2025 |
| Czech Republic (% pa) | 3.00 Jan 2025 | monthly | Jan 1993 - Jan 2025 |
| Denmark (% pa) | 2.35 Jan 2025 | monthly | Aug 1914 - Jan 2025 |
| Ecuador (% pa) | 9.80 Jan 2025 | monthly | Jul 1995 - Jan 2025 |
| Egypt (% pa) | 27.75 Jan 2025 | monthly | Jan 1991 - Jan 2025 |
| Estonia (% pa) | 3.15 Jan 2025 | monthly | Jan 1999 - Jan 2025 |
| European Union (% pa) | 3.15 Jan 2025 | monthly | Jan 1999 - Jan 2025 |
| Finland (% pa) | 3.15 Jan 2025 | monthly | Jan 1999 - Jan 2025 |
| France (% pa) | 3.15 Jan 2025 | monthly | Jan 1999 - Jan 2025 |
| Georgia (% pa) | 8.00 Jan 2025 | monthly | Jan 2008 - Jan 2025 |
| Germany (% pa) | 3.15 Jan 2025 | monthly | Jan 1999 - Jan 2025 |
| Ghana (% pa) | 29.50 May 2023 | monthly | Nov 2002 - May 2023 |
| Greece (% pa) | 3.15 Jan 2025 | monthly | Jan 1999 - Jan 2025 |
| Hong Kong SAR, China (% pa) | 4.75 Jan 2025 | monthly | Jun 1992 - Jan 2025 |
| Hungary (% pa) | 6.50 Jan 2025 | monthly | Oct 1990 - Jan 2025 |
| Iceland (% pa) | 10.00 Jan 2025 | monthly | Jan 1994 - Jan 2025 |
| India (% pa) | 6.50 Jan 2025 | monthly | Apr 2001 - Jan 2025 |
| Indonesia (% pa) | 5.75 Jan 2025 | monthly | Jun 2015 - Jan 2025 |
| Ireland (% pa) | 3.15 Jan 2025 | monthly | Jan 1999 - Jan 2025 |
| Israel (% pa) | 4.50 Jan 2025 | monthly | Dec 1998 - Jan 2025 |
| Italy (% pa) | 3.15 Jan 2025 | monthly | Jan 1999 - Jan 2025 |
| 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) | 7.50 Jan 2025 | monthly | Dec 1965 - Jan 2025 |
| Kazakhstan (% pa) | 15.25 Jan 2025 | monthly | Feb 1992 - Jan 2025 |
| Kenya (% pa) | 11.25 Jan 2025 | monthly | Jul 2003 - Jan 2025 |
| South Korea (% pa) | 3.00 Jan 2025 | monthly | May 1999 - Jan 2025 |
| Kosovo (% pa) | 3.15 Jan 2025 | monthly | Jan 1999 - Jan 2025 |
| Kuwait (% pa) | 4.00 Jan 2025 | monthly | Jul 1999 - Jan 2025 |
| Kyrgyzstan (% pa) | 9.00 Jan 2025 | monthly | Jan 1999 - Jan 2025 |
| Laos (% pa) | 7.50 May 2023 | monthly | Dec 1992 - May 2023 |
| Latvia (% pa) | 3.15 Jan 2025 | monthly | Jan 1999 - Jan 2025 |
| Lebanon (% pa) | 10.00 Jan 2023 | monthly | Apr 1964 - Jan 2023 |
| Lithuania (% pa) | 3.15 Jan 2025 | monthly | Jan 1999 - Jan 2025 |
| Luxembourg (% pa) | 3.15 Jan 2025 | monthly | Jan 1999 - Jan 2025 |
| Macau SAR, China (% pa) | 4.75 Jan 2025 | monthly | Dec 1999 - Jan 2025 |
| North Macedonia (% pa) | 5.35 Feb 2025 | monthly | Jan 2002 - Feb 2025 |
| Malawi (% pa) | 26.00 Jan 2025 | monthly | Jan 1980 - Jan 2025 |
| Malaysia (% pa) | 3.00 Jan 2025 | monthly | Apr 2004 - Jan 2025 |
| Malta (% pa) | 3.15 Jan 2025 | monthly | Jan 1999 - Jan 2025 |
| Mauritius (% pa) | 4.50 Feb 2025 | monthly | Dec 1999 - Feb 2025 |
| Mexico (% pa) | 10.00 Jan 2025 | monthly | Jan 2008 - Jan 2025 |
| Moldova (% pa) | 5.60 Jan 2025 | monthly | Feb 2001 - Jan 2025 |
| Mongolia (% pa) | 10.00 Jan 2025 | monthly | Jul 2007 - Jan 2025 |
| Montenegro (% pa) | 3.15 Jan 2025 | monthly | Jan 1999 - Jan 2025 |
| Morocco (% pa) | 2.50 Jan 2025 | monthly | Jun 1995 - Jan 2025 |
| Myanmar (% pa) | 7.00 2024 | yearly | 1986 - 2024 |
| Nepal (% pa) | 6.50 Jan 2025 | monthly | Jul 2003 - Jan 2025 |
| Netherlands (% pa) | 3.15 Jan 2025 | monthly | Jan 1999 - Jan 2025 |
| New Zealand (% pa) | 5.50 May 2023 | monthly | Mar 1999 - May 2023 |
| Nigeria (% pa) | 27.50 Jan 2025 | monthly | Dec 2006 - Jan 2025 |
| Norway (% pa) | 4.50 Jan 2025 | monthly | Jan 1991 - Jan 2025 |
| Oman (% pa) | 5.00 Feb 2025 | monthly | May 2007 - Feb 2025 |
| Pakistan (% pa) | 13.00 Jan 2025 | monthly | Feb 1992 - Jan 2025 |
| Paraguay (% pa) | 6.00 Jan 2025 | monthly | Jul 2010 - Jan 2025 |
| Peru (% pa) | 4.75 Jan 2025 | monthly | Sep 2003 - Jan 2025 |
| Philippines (% pa) | 7.00 May 2024 | monthly | Jun 2016 - May 2024 |
| Poland (% pa) | 5.75 Jan 2025 | monthly | Jan 2005 - Jan 2025 |
| Portugal (% pa) | 3.15 Jan 2025 | monthly | Jan 1999 - Jan 2025 |
| Qatar (% pa) | 5.10 Jan 2025 | monthly | Mar 2003 - Jan 2025 |
| Romania (% pa) | 6.50 Jan 2025 | monthly | Jan 2003 - Jan 2025 |
| Russia (% pa) | 21.00 Jan 2025 | monthly | Sep 2013 - Jan 2025 |
| Saudi Arabia (% pa) | 5.00 Jan 2025 | monthly | Jan 2000 - Jan 2025 |
| Serbia (% pa) | 5.75 Jan 2025 | monthly | Jan 2001 - Jan 2025 |
| Singapore (% pa) | 4.00 Jun 2023 | monthly | Jul 2005 - Jun 2023 |
| Slovakia (% pa) | 3.15 Jan 2025 | monthly | Jan 1999 - Jan 2025 |
| Slovenia (% pa) | 3.15 Jan 2025 | monthly | Jan 1999 - Jan 2025 |
| South Africa (% pa) | 7.50 Jan 2025 | monthly | Nov 1999 - Jan 2025 |
| Spain (% pa) | 3.15 Jan 2025 | monthly | Jan 1999 - Jan 2025 |
| Sri Lanka (% pa) | 7.50 Jan 2025 | monthly | Jan 1997 - Jan 2025 |
| Sweden (% pa) | 2.50 Jan 2025 | monthly | Jan 1987 - Jan 2025 |
| Switzerland (% pa) | 0.45 Feb 2025 | monthly | Jun 1999 - Feb 2025 |
| Syria (% pa) | 5.00 Dec 2024 | monthly | Jan 1962 - Dec 2024 |
| Taiwan (% pa) | 2.00 Jan 2025 | monthly | Jul 1961 - Jan 2025 |
| Tajikistan (% pa) | 9.00 Jan 2025 | monthly | Jun 1995 - Jan 2025 |
| Thailand (% pa) | 2.25 Jan 2025 | monthly | May 2000 - Jan 2025 |
| Tunisia (% pa) | 8.00 Jan 2025 | monthly | Jan 2000 - Jan 2025 |
| Turkey (% pa) | 45.00 Jan 2025 | monthly | Jun 1996 - Jan 2025 |
| Ukraine (% pa) | 14.50 Jan 2025 | monthly | Dec 1992 - Jan 2025 |
| United Arab Emirates (% pa) | 4.40 Jan 2025 | monthly | Nov 2007 - Jan 2025 |
Accurate Macro & Micro Economic Data You Can Trust
Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors.
Learn more about what we doCanada Key Series
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -1.8 Sep 2024 | quarterly | Jun 1993 - Sep 2024 |
| Consolidated Fiscal Balance (USD mn) | -5,877.764 Nov 2024 | monthly | May 1992 - Nov 2024 |
| Tax Revenue (USD mn) | 22,682.316 Nov 2024 | monthly | Jan 1996 - Nov 2024 |
| Tax Revenue: % of GDP (%) | 11.4 Sep 2024 | quarterly | Mar 1996 - Sep 2024 |
| National Government Debt (USD mn) | 1,519,779.9 2024 | yearly | 1962 - 2024 |
| Government Debt: % of GDP (%) | 69.4 2024 | yearly | 1962 - 2024 |
| Forecast: Government Expenditure (CAD bn) | 1,546.047 2029 | yearly | 1980 - 2029 |
| Forecast: Government Net Debt (CAD bn) | 3,127.329 2028 | yearly | 1980 - 2028 |
| Forecast: Government Revenue (CAD bn) | 1,523.743 2029 | yearly | 1980 - 2029 |
| Budgetary Balance: Deficit or Surplus (CAD mn) | -8,213.000 Nov 2024 | monthly | May 1992 - Nov 2024 |
| Budgetary Revenue: Tax Revenues (TR) (CAD mn) | 31,694.000 Nov 2024 | monthly | Jan 1996 - Nov 2024 |
| Budgetary Expense (CAD mn) | -46,103.000 Nov 2024 | monthly | May 1992 - Nov 2024 |
| Budgetary Revenue: TR: Excise Taxes & Duties (CAD mn) | 6,035.000 Nov 2024 | monthly | Jan 1996 - Nov 2024 |
| Budgetary Revenue (CAD mn) | 37,890.000 Nov 2024 | monthly | May 1992 - Nov 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) | 5,546.000 Nov 2024 | monthly | Jan 1996 - Nov 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 (%) | 3.003 2029 | yearly | 1980 - 2029 |
| Trade Balance (USD mn) | 497.1 Dec 2024 | monthly | Jan 1988 - Dec 2024 |
| Total Exports (USD mn) | 48,756.6 Dec 2024 | monthly | Jan 1988 - Dec 2024 |
| Total Exports Growth (%) | 8.7 Dec 2024 | monthly | Jan 1989 - Dec 2024 |
| Aluminum: Exports (USD th) | 10,038,642.351 2023 | yearly | 1995 - 2023 |
| 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) | 48,259.5 Dec 2024 | monthly | Jan 1988 - Dec 2024 |
| Total Imports Growth (%) | 6.4 Dec 2024 | monthly | Jan 1989 - Dec 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) | 37,252.895 Dec 2024 | monthly | Jan 1988 - Dec 2024 |
| Total Imports from USA (USD mn) | 29,291.289 Dec 2024 | monthly | Jan 1997 - Dec 2024 |
| Total Exports to China (USD mn) | 1,638.099 Dec 2024 | monthly | Jan 1997 - Dec 2024 |
| Total Imports from China (USD mn) | 3,771.461 Dec 2024 | monthly | Jan 1997 - Dec 2024 |
| Coal Exports (kton) | 2,125.000 Nov 2024 | monthly | Jan 1977 - Nov 2024 |
| Imports: Value: HS: Photosensitive Semiconductor Devices, Light Emitting Diodes ... (CAD th) | 9,394.499 Dec 2024 | monthly | Jan 2022 - Dec 2024 |
| Imports: Value: HS: Photosensitive Semiconductor Devices, Photovoltaic Cells ass... (CAD th) | 4,954.608 Dec 2024 | monthly | Jan 2022 - Dec 2024 |
| Import Value (Val): HS: Iron and Steel (IS) (CAD th) | 762,070.582 Dec 2024 | monthly | Jan 1988 - Dec 2024 |
| Import Value Index (2015=100) | 117.179 2021 | yearly | 1995 - 2021 |
| Export Value Index (2015=100) | 123.790 2021 | yearly | 1995 - 2021 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 0.6 Sep 2024 | quarterly | Mar 2005 - Sep 2024 |
| Household Debt: % of GDP (%) | 99.2 Sep 2024 | quarterly | Mar 1969 - Sep 2024 |
| Money Supply M1 (USD mn) | 1,149,292.136 Nov 2024 | monthly | Mar 1975 - Nov 2024 |
| Money Supply M2 (USD mn) | 1,873,347.367 Nov 2024 | monthly | Jan 1968 - Nov 2024 |
| M2 Growth (%) | 5.8 Nov 2024 | monthly | Jan 1969 - Nov 2024 |
| Foreign Exchange Reserves (USD mn) | 90,209.0 Jan 2025 | monthly | Jun 1999 - Jan 2025 |
| Foreign Exchange Reserves: % of GDP (%) | 4.448 Sep 2024 | quarterly | Jun 1999 - Sep 2024 |
| Foreign Exchange Reserves: Months of Import (NA) | 2.0 Dec 2024 | monthly | Jun 1999 - Dec 2024 |
| Gold Reserves (USD mn) | 0.000 Jan 2025 | monthly | Dec 1956 - Jan 2025 |
| Total Deposits (USD mn) | 4,500,549.077 Nov 2024 | monthly | Jan 2009 - Nov 2024 |
| Total Deposits Growth (%) | 7.2 Nov 2024 | monthly | Jan 2010 - Nov 2024 |
| Domestic Credit (USD mn) | 4,647,257.0 Nov 2024 | monthly | Jan 1969 - Nov 2024 |
| Domestic Credit Growth (%) | 3.6 Nov 2024 | monthly | Jan 1970 - Nov 2024 |
| Debt Service Ratio: Households (%) | 14.400 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
| Debt Service Ratio: Private Non-Financial Sector (%) | 24.500 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
| Credit to Households (USD bn) | 2,195.348 Jun 2024 | quarterly | Mar 1969 - Jun 2024 |
| Credit to Private Non-Financial Sector (USD bn) | 4,731.480 Jun 2024 | quarterly | Mar 1954 - Jun 2024 |
| Household Debt (USD mn) | 2,161,804.6 Nov 2024 | monthly | Jan 1969 - Nov 2024 |
| Total Loans (USD mn) | 3,156,997.288 Nov 2024 | monthly | Jan 1969 - Nov 2024 |
| Total Loans Growth (%) | 3.36 Nov 2024 | monthly | Jan 1970 - Nov 2024 |
| Private Debt: % of Nominal GDP (%) | 212.59 Sep 2024 | quarterly | Mar 1969 - Sep 2024 |
| Money Supply: M1+: Gross: sa (CAD mn) | 1,610,618.000 Nov 2024 | monthly | Mar 1975 - Nov 2024 |
| Money Supply: M3: Gross (CAD mn) | 3,791,352.000 Nov 2024 | monthly | Jan 1970 - Nov 2024 |
| Money Supply: M3: Gross: sa (CAD mn) | 3,777,254.000 Nov 2024 | monthly | Jan 1970 - Nov 2024 |
| Money Supply: M2+: M2: Gross (CAD mn) | 2,638,532.000 Nov 2024 | monthly | Jan 1968 - Nov 2024 |
| Money Supply: M1+: Gross (CAD mn) | 1,614,350.000 Nov 2024 | monthly | Mar 1975 - Nov 2024 |
| Money Supply: M2+: M2: Gross: sa (CAD mn) | 2,625,309.000 Nov 2024 | monthly | Jan 1968 - Nov 2024 |
| Official International Reserves (USD mn) | 117,896.000 Jan 2025 | monthly | Dec 1994 - Jan 2025 |
| Official International Reserves: Gold (USD mn) | 0.000 Jan 2025 | monthly | Dec 1994 - Jan 2025 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | -18.8 Jan 2025 | monthly | Dec 2001 - Jan 2025 |
| Purchasing Manager Index: Seasonally Adjusted (NA) | 47.100 Jan 2025 | monthly | Dec 2000 - Jan 2025 |
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