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Interest rate in Canada
2.5% Bank of Canada Target for the overnight rate, since 2026-10-29 (before: 2.25%).
Recent changes
| Date | Rate | Change |
|---|---|---|
| 2026-10-29 | 2.5% | +0.25 |
| 2025-10-30 | 2.25% | -0.25 |
| 2025-09-18 | 2.5% | -0.25 |
| 2025-03-13 | 2.75% | -0.25 |
| 2025-01-30 | 3.0% | -0.25 |
| 2024-12-12 | 3.25% | -0.50 |
| 2024-10-24 | 3.75% | -0.50 |
| 2024-09-05 | 4.25% | -0.25 |
| 2024-07-25 | 4.5% | -0.25 |
| 2024-06-06 | 4.75% | -0.25 |
| 2023-07-13 | 5.0% | +0.25 |
| 2023-06-08 | 4.75% | +0.25 |
| 2023-01-26 | 4.5% | +0.25 |
| 2022-12-08 | 4.25% | +0.50 |
| 2022-10-27 | 3.75% | +0.50 |
Source: Bank of Canada, target for the overnight rate (Valet API). Terms: https://www.bankofcanada.ca/terms/. Checked automatically.
Questions
What is the interest rate in Canada?
The Bank of Canada Target for the overnight rate is 2.5%, in force since 2026-10-29.
What was the last change?
A hike from 2.25% to 2.5%.
Where does this data come from?
Straight from the central bank's own published data (named under the table). Checked several times a day.
Can I get rate changes automatically?
Yes. The Central Bank Rates API returns every bank, history and decisions with one key. Free plan available.