Bank Of Canada Historical Interest Rates History

Interest Rates

Historical Interest Rates in Canada

Bank Rate (1935-1956)

The Bank Rate was the original key interest rate in Canada from March 1935 to November 1956. It represented the minimum rate of interest charged by the Bank of Canada to chartered banks for short-term loans.

Current Interest Rates

To find current interest rates, please refer to the following resources:

• Bank of Canada Interest Rates
• Prime Rate

Conclusion

Interest rates have been a significant factor in the Canadian economy for decades. Understanding how interest rates have changed over time and the factors that have influenced them can provide valuable insights into the past, present, and future of Canada's financial landscape.