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 Feb 2025, compared with 3.00 % pa in the previous Jan 2025.
- Canada Policy Rate averaged 2.50 % pa and is updated monthly, available from Dec 1992 to Feb 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 Feb 2025 in the chart:
What was Canada's Policy Rate in Feb 2025?
Canada cash rate (Policy Rate: Month End: Overnight Target Rate) was set at 3.00 % pa in Feb 2025, compared with 3.00 % pa in the previous Jan 2025. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 3.00 Feb 2025 | 3.00 Jan 2025 | 0.25 Feb 2022 | 8.13 Feb 1995 | % pa | monthly | Dec 1992 - Feb 2025 |
Policy Rate by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (% pa) | 2.75 Feb 2025 | monthly | Jan 2000 - Feb 2025 |
| Algeria (% pa) | 3.00 Feb 2025 | monthly | Jan 1963 - Feb 2025 |
| Argentina (%) | 27.74 Feb 2025 | monthly | Jan 1985 - Feb 2025 |
| Armenia (% pa) | 6.75 Feb 2025 | monthly | May 2001 - Feb 2025 |
| Australia (% pa) | 4.10 Feb 2025 | monthly | Aug 1990 - Feb 2025 |
| Austria (% pa) | 2.90 Feb 2025 | monthly | Jan 1999 - Feb 2025 |
| Azerbaijan (% pa) | 7.25 Mar 2025 | monthly | Jan 2005 - Mar 2025 |
| Bahrain (% pa) | 5.25 Feb 2025 | monthly | Jan 2007 - Feb 2025 |
| Bangladesh (% pa) | 10.00 Feb 2025 | monthly | Sep 2009 - Feb 2025 |
| Belarus (% pa) | 9.50 Feb 2025 | monthly | Jul 1991 - Feb 2025 |
| Belgium (% pa) | 2.90 Feb 2025 | monthly | Jan 1999 - Feb 2025 |
| Bolivia (% pa) | 3.05 Feb 2025 | monthly | Jan 2013 - Feb 2025 |
| Botswana (% pa) | 3.75 Apr 2022 | monthly | Aug 1976 - Apr 2022 |
| Brazil (% pa) | 13.25 Feb 2025 | monthly | Mar 1999 - Feb 2025 |
| Bulgaria (% pa) | 2.59 Mar 2025 | monthly | Feb 1991 - Mar 2025 |
| Canada (% pa) | 3.00 Feb 2025 | monthly | Dec 1992 - Feb 2025 |
| Chile (% pa) | 5.00 Feb 2025 | monthly | May 1995 - Feb 2025 |
| China (% pa) | 2.65 Jun 2023 | monthly | Jan 2016 - Jun 2023 |
| Colombia (% pa) | 9.50 Feb 2025 | monthly | Apr 1995 - Feb 2025 |
| Croatia (% pa) | 3.00 Dec 2022 | monthly | Dec 1992 - Dec 2022 |
| Cyprus (% pa) | 2.90 Feb 2025 | monthly | Jan 1999 - Feb 2025 |
| Czech Republic (% pa) | 2.75 Feb 2025 | monthly | Jan 1993 - Feb 2025 |
| Denmark (% pa) | 2.35 Feb 2025 | monthly | Aug 1914 - Feb 2025 |
| Ecuador (% pa) | 9.33 Feb 2025 | monthly | Jul 1995 - Feb 2025 |
| Egypt (% pa) | 27.75 Feb 2025 | monthly | Jan 1991 - Feb 2025 |
| Estonia (% pa) | 2.90 Feb 2025 | monthly | Jan 1999 - Feb 2025 |
| European Union (% pa) | 2.90 Feb 2025 | monthly | Jan 1999 - Feb 2025 |
| Finland (% pa) | 2.90 Feb 2025 | monthly | Jan 1999 - Feb 2025 |
| France (% pa) | 2.90 Feb 2025 | monthly | Jan 1999 - Feb 2025 |
| Georgia (% pa) | 8.00 Feb 2025 | monthly | Jan 2008 - Feb 2025 |
| Germany (% pa) | 2.90 Feb 2025 | monthly | Jan 1999 - Feb 2025 |
| Ghana (% pa) | 29.50 May 2023 | monthly | Nov 2002 - May 2023 |
| Greece (% pa) | 2.90 Feb 2025 | monthly | Jan 1999 - Feb 2025 |
| Hong Kong SAR, China (% pa) | 4.75 Feb 2025 | monthly | Jun 1992 - Feb 2025 |
| Hungary (% pa) | 6.50 Jan 2025 | monthly | Oct 1990 - Jan 2025 |
| Iceland (% pa) | 10.00 Feb 2025 | monthly | Jan 1994 - Feb 2025 |
| India (% pa) | 6.25 Feb 2025 | monthly | Apr 2001 - Feb 2025 |
| Indonesia (% pa) | 5.75 Feb 2025 | monthly | Jun 2015 - Feb 2025 |
| Ireland (% pa) | 2.90 Feb 2025 | monthly | Jan 1999 - Feb 2025 |
| Israel (% pa) | 4.50 Feb 2025 | monthly | Dec 1998 - Feb 2025 |
| Italy (% pa) | 2.90 Feb 2025 | monthly | Jan 1999 - Feb 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 Feb 2025 | monthly | Dec 1965 - Feb 2025 |
| Kazakhstan (% pa) | 15.25 Feb 2025 | monthly | Feb 1992 - Feb 2025 |
| Kenya (% pa) | 10.75 Feb 2025 | monthly | Jul 2003 - Feb 2025 |
| South Korea (% pa) | 2.75 Feb 2025 | monthly | May 1999 - Feb 2025 |
| Kosovo (% pa) | 2.90 Feb 2025 | monthly | Jan 1999 - Feb 2025 |
| Kuwait (% pa) | 4.00 Feb 2025 | monthly | Jul 1999 - Feb 2025 |
| Kyrgyzstan (% pa) | 9.00 Feb 2025 | monthly | Jan 1999 - Feb 2025 |
| Laos (% pa) | 7.50 May 2023 | monthly | Dec 1992 - May 2023 |
| Latvia (% pa) | 2.90 Feb 2025 | monthly | Jan 1999 - Feb 2025 |
| Lebanon (% pa) | 10.00 Jan 2023 | monthly | Apr 1964 - Jan 2023 |
| Lithuania (% pa) | 2.90 Feb 2025 | monthly | Jan 1999 - Feb 2025 |
| Luxembourg (% pa) | 2.90 Feb 2025 | monthly | Jan 1999 - Feb 2025 |
| Macau SAR, China (% pa) | 4.75 Feb 2025 | monthly | Dec 1999 - Feb 2025 |
| North Macedonia (% pa) | 5.35 Mar 2025 | monthly | Jan 2002 - Mar 2025 |
| Malawi (% pa) | 26.00 Feb 2025 | monthly | Jan 1980 - Feb 2025 |
| Malaysia (% pa) | 3.00 Feb 2025 | monthly | Apr 2004 - Feb 2025 |
| Malta (% pa) | 2.90 Feb 2025 | monthly | Jan 1999 - Feb 2025 |
| Mauritius (% pa) | 4.50 Feb 2025 | monthly | Dec 1999 - Feb 2025 |
| Mexico (% pa) | 9.50 Feb 2025 | monthly | Jan 2008 - Feb 2025 |
| Moldova (% pa) | 5.60 Feb 2025 | monthly | Feb 2001 - Feb 2025 |
| Mongolia (% pa) | 10.00 Feb 2025 | monthly | Jul 2007 - Feb 2025 |
| Montenegro (% pa) | 2.90 Feb 2025 | monthly | Jan 1999 - Feb 2025 |
| Morocco (% pa) | 2.50 Feb 2025 | monthly | Jun 1995 - Feb 2025 |
| Myanmar (% pa) | 7.00 2024 | yearly | 1986 - 2024 |
| Nepal (% pa) | 6.50 Feb 2025 | monthly | Jul 2003 - Feb 2025 |
| Netherlands (% pa) | 2.90 Feb 2025 | monthly | Jan 1999 - Feb 2025 |
| New Zealand (% pa) | 5.50 May 2023 | monthly | Mar 1999 - May 2023 |
| Nigeria (% pa) | 27.50 Feb 2025 | monthly | Dec 2006 - Feb 2025 |
| Norway (% pa) | 4.50 Feb 2025 | monthly | Jan 1991 - Feb 2025 |
| Oman (% pa) | 5.00 Feb 2025 | monthly | May 2007 - Feb 2025 |
| Pakistan (% pa) | 13.00 Feb 2025 | monthly | Feb 1992 - Feb 2025 |
| Paraguay (% pa) | 6.00 Feb 2025 | monthly | Jul 2010 - Feb 2025 |
| Peru (% pa) | 4.75 Feb 2025 | monthly | Sep 2003 - Feb 2025 |
| Philippines (% pa) | 7.00 May 2024 | monthly | Jun 2016 - May 2024 |
| Poland (% pa) | 5.75 Feb 2025 | monthly | Jan 2005 - Feb 2025 |
| Portugal (% pa) | 2.90 Feb 2025 | monthly | Jan 1999 - Feb 2025 |
| Qatar (% pa) | 5.10 Feb 2025 | monthly | Mar 2003 - Feb 2025 |
| Romania (% pa) | 6.50 Feb 2025 | monthly | Jan 2003 - Feb 2025 |
| Russia (% pa) | 21.00 Feb 2025 | monthly | Sep 2013 - Feb 2025 |
| Saudi Arabia (% pa) | 5.00 Feb 2025 | monthly | Jan 2000 - Feb 2025 |
| Serbia (% pa) | 5.75 Feb 2025 | monthly | Jan 2001 - Feb 2025 |
| Singapore (% pa) | 4.00 Jun 2023 | monthly | Jul 2005 - Jun 2023 |
| Slovakia (% pa) | 2.90 Feb 2025 | monthly | Jan 1999 - Feb 2025 |
| Slovenia (% pa) | 2.90 Feb 2025 | monthly | Jan 1999 - Feb 2025 |
| South Africa (% pa) | 7.50 Feb 2025 | monthly | Nov 1999 - Feb 2025 |
| Spain (% pa) | 2.90 Feb 2025 | monthly | Jan 1999 - Feb 2025 |
| Sri Lanka (% pa) | 7.50 Feb 2025 | monthly | Jan 1997 - Feb 2025 |
| Sweden (% pa) | 2.25 Feb 2025 | monthly | Jan 1987 - Feb 2025 |
| Switzerland (% pa) | 0.43 Feb 2025 | monthly | Jun 1999 - Feb 2025 |
| Syria (% pa) | 5.00 Dec 2024 | monthly | Jan 1962 - Dec 2024 |
| Taiwan (% pa) | 2.00 Feb 2025 | monthly | Jul 1961 - Feb 2025 |
| Tajikistan (% pa) | 8.75 Feb 2025 | monthly | Jun 1995 - Feb 2025 |
| Thailand (% pa) | 2.00 Feb 2025 | monthly | May 2000 - Feb 2025 |
| Tunisia (% pa) | 8.00 Feb 2025 | monthly | Jan 2000 - Feb 2025 |
| Turkey (% pa) | 45.00 Feb 2025 | monthly | Jun 1996 - Feb 2025 |
| Ukraine (% pa) | 14.50 Feb 2025 | monthly | Dec 1992 - Feb 2025 |
| United Arab Emirates (% pa) | 4.40 Feb 2025 | monthly | Nov 2007 - Feb 2025 |
Canada Key Series
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -1.6 Dec 2024 | quarterly | Jun 1993 - Dec 2024 |
| Consolidated Fiscal Balance (USD mn) | 703.306 Dec 2024 | monthly | May 1992 - Dec 2024 |
| Tax Revenue (USD mn) | 26,706.675 Dec 2024 | monthly | Jan 1996 - Dec 2024 |
| Tax Revenue: % of GDP (%) | 13.0 Dec 2024 | quarterly | Mar 1996 - Dec 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) | 1,002.000 Dec 2024 | monthly | May 1992 - Dec 2024 |
| Budgetary Revenue: Tax Revenues (TR) (CAD mn) | 38,049.000 Dec 2024 | monthly | Jan 1996 - Dec 2024 |
| Budgetary Revenue: TR: Excise Taxes & Duties (CAD mn) | 6,472.000 Dec 2024 | monthly | Jan 1996 - Dec 2024 |
| Budgetary Expense (CAD mn) | -43,333.000 Dec 2024 | monthly | May 1992 - Dec 2024 |
| Budgetary Revenue (CAD mn) | 44,335.000 Dec 2024 | monthly | May 1992 - Dec 2024 |
| FIN Forecast: Budgetary Revenue (CAD mn) | 612,800.000 2030 | yearly | 1996 - 2030 |
| FIN Forecast: Budgetary Expense (CAD mn) | 643,700.000 2030 | yearly | 1996 - 2030 |
| FIN Forecast: Budgetary Balance (CAD mn) | -23,000.000 2030 | yearly | 1996 - 2030 |
| FIN Forecast: Budgetary Revenue: Tax: Excise Taxes & Duties (ET) (CAD mn) | 84,700.000 2030 | yearly | 2000 - 2030 |
| Net Financing Activities (CAD mn) | 18,326.000 Dec 2024 | monthly | Jan 1996 - Dec 2024 |
| FIN Forecast: Federal Debt (CAD mn) | 1,435,700.000 2030 | yearly | 1997 - 2030 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 3.003 2029 | yearly | 1980 - 2029 |
| Trade Balance (USD mn) | 2,760.8 Jan 2025 | monthly | Jan 1988 - Jan 2025 |
| Total Exports (USD mn) | 51,751.0 Jan 2025 | monthly | Jan 1988 - Jan 2025 |
| Total Exports Growth (%) | 20.3 Jan 2025 | monthly | Jan 1989 - Jan 2025 |
| Aluminum: Exports (USD th) | 10,038,642.351 2023 | yearly | 1995 - 2023 |
| Exports: Medicament (USD th) | 8,523,307.384 2023 | yearly | 1995 - 2023 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 1,163,157.014 2023 | yearly | 1995 - 2023 |
| Total Imports (USD mn) | 48,990.2 Jan 2025 | monthly | Jan 1988 - Jan 2025 |
| Total Imports Growth (%) | 14.1 Jan 2025 | monthly | Jan 1989 - Jan 2025 |
| Imports: Medicament (USD th) | 11,834,156.934 2023 | yearly | 1995 - 2023 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 7,945,480.562 2023 | yearly | 1995 - 2023 |
| Total Exports to USA (USD mn) | 40,444.298 Jan 2025 | monthly | Jan 1988 - Jan 2025 |
| Total Imports from USA (USD mn) | 30,440.336 Jan 2025 | monthly | Jan 1997 - Jan 2025 |
| Total Exports to China (USD mn) | 2,133.435 Jan 2025 | monthly | Jan 1997 - Jan 2025 |
| Total Imports from China (USD mn) | 3,731.323 Jan 2025 | monthly | Jan 1997 - Jan 2025 |
| 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) | 844,825.938 Jan 2025 | monthly | Jan 1988 - Jan 2025 |
| 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 (%) | 99.0 Dec 2024 | quarterly | Mar 1969 - Dec 2024 |
| Money Supply M1 (USD mn) | 1,118,688.194 Dec 2024 | monthly | Mar 1975 - Dec 2024 |
| Money Supply M2 (USD mn) | 1,832,025.000 Dec 2024 | monthly | Jan 1968 - Dec 2024 |
| M2 Growth (%) | 6.1 Dec 2024 | monthly | Jan 1969 - Dec 2024 |
| Foreign Exchange Reserves (USD mn) | 91,801.0 Feb 2025 | monthly | Jun 1999 - Feb 2025 |
| Foreign Exchange Reserves: % of GDP (%) | 4.192 Dec 2024 | quarterly | Jun 1999 - Dec 2024 |
| Foreign Exchange Reserves: Months of Import (NA) | 2.0 Jan 2025 | monthly | Jun 1999 - Jan 2025 |
| Gold Reserves (USD mn) | 0.000 Feb 2025 | monthly | Dec 1956 - Feb 2025 |
| Total Deposits (USD mn) | 4,370,496.703 Dec 2024 | monthly | Jan 2009 - Dec 2024 |
| Total Deposits Growth (%) | 6.1 Dec 2024 | monthly | Jan 2010 - Dec 2024 |
| Domestic Credit (USD mn) | 4,531,668.1 Dec 2024 | monthly | Jan 1969 - Dec 2024 |
| Domestic Credit Growth (%) | 3.9 Dec 2024 | monthly | Jan 1970 - Dec 2024 |
| Debt Service Ratio: Households (%) | 14.400 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| Debt Service Ratio: Private Non-Financial Sector (%) | 25.200 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| Credit to Households (USD bn) | 2,245.143 Sep 2024 | quarterly | Mar 1969 - Sep 2024 |
| Credit to Private Non-Financial Sector (USD bn) | 4,889.449 Sep 2024 | quarterly | Mar 1954 - Sep 2024 |
| Household Debt (USD mn) | 2,110,945.1 Dec 2024 | monthly | Jan 1969 - Dec 2024 |
| Total Loans (USD mn) | 3,076,370.833 Dec 2024 | monthly | Jan 1969 - Dec 2024 |
| Total Loans Growth (%) | 3.38 Dec 2024 | monthly | Jan 1970 - Dec 2024 |
| Private Debt: % of Nominal GDP (%) | 212.62 Dec 2024 | quarterly | Mar 1969 - Dec 2024 |
| Money Supply: M3: Gross (CAD mn) | 3,817,749.000 Dec 2024 | monthly | Jan 1970 - Dec 2024 |
| Money Supply: M1+: Gross: sa (CAD mn) | 1,610,911.000 Dec 2024 | monthly | Mar 1975 - Dec 2024 |
| Money Supply: M1+: Gross (CAD mn) | 1,623,406.000 Dec 2024 | monthly | Mar 1975 - Dec 2024 |
| Money Supply: M2+: M2: Gross (CAD mn) | 2,648,681.000 Dec 2024 | monthly | Jan 1968 - Dec 2024 |
| Money Supply: M3: Gross: sa (CAD mn) | 3,800,470.000 Dec 2024 | monthly | Jan 1970 - Dec 2024 |
| Money Supply: M2+: M2: Gross: sa (CAD mn) | 2,638,116.000 Dec 2024 | monthly | Jan 1968 - Dec 2024 |
| Official International Reserves (USD mn) | 119,595.000 Feb 2025 | monthly | Dec 1994 - Feb 2025 |
| Official International Reserves: Gold (USD mn) | 0.000 Feb 2025 | monthly | Dec 1994 - Feb 2025 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | 2.8 Feb 2025 | monthly | Dec 2001 - Feb 2025 |
| Purchasing Manager Index: Seasonally Adjusted (NA) | 55.300 Feb 2025 | monthly | Dec 2000 - Feb 2025 |
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