Bank Lending Rate in Canada remained unchanged at 4.45 percent in January. Bank Lending Rate in Canada averaged 6.98 percent from 1955 until 2026, reaching an all time high of 22.75 percent in August of 1981 and a record low of 2.25 percent in April of 2009. source: Bank of Canada

Bank Lending Rate in Canada is expected to be 4.45 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Chartered Banks Prime Lending Rate is projected to trend around 4.20 percent in 2027, according to our econometric models.



Related Last Previous Unit Reference
Bank Lending Rate 4.45 4.45 percent Jan 2026
Consumer Confidence 46.40 47.40 points Dec 2025
Consumer Credit 813231.00 809226.00 CAD Million Nov 2025
Consumer Spending 1423546.00 1425080.00 CAD Million Sep 2025
Disposable Personal Income 1801904.00 1787484.00 CAD Million Sep 2025
Gasoline Prices 1.00 0.93 USD/Liter Jan 2026
Households Debt to GDP 100.61 100.43 percent of GDP Sep 2025
Households Debt to Income 174.78 173.91 percent Sep 2025
Personal Savings 4.70 4.60 percent Sep 2025
Retail Sales Ex Autos MoM 1.70 -0.60 percent Nov 2025
Retail Sales MoM -0.50 1.30 percent Dec 2025
Retail Sales YoY 3.10 2.20 percent Nov 2025


Canada Chartered Banks Prime Lending Rate
In Canada, the prime lending rate is the average rate of interest charged on loans by commercial banks to the most credit-worthy borrowers.
Actual Previous Highest Lowest Dates Unit Frequency
4.45 4.45 22.75 2.25 1955 - 2026 percent Monthly