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Benchmark Interest Rates in Canada
Bank of Canada benchmark rates used to price Canadian borrowing, with publisher, series and as-of dates.
Target for the overnight rate
2.25 percent per year
Bank Rate
2.5 percent per year
Prime business rate
4.45 percent per year
Government of Canada 2-year benchmark bond yield
3.35 percent per year
Government of Canada 5-year benchmark bond yield
3.64 percent per year
Government of Canada 10-year benchmark bond yield
3.92 percent per year
Conventional 5-year mortgage rate
6.09 percent per year
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loanwolf.ca is not a lender. We do not make credit decisions, set rates, or guarantee approval. The lowest rates are only available to the most qualified applicants.