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Canada Chartered Banks Prime Lending Rate

Bank Lending Rate in Canada remained unchanged at 2.70 percent in January from 2.70 percent in December of 2016. Bank Lending Rate in Canada averaged 7.44 percent from 1960 until 2017, 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. In Canada, the prime lending rate is the average rate of interest charged on loans by commercial banks to the most credit-worthy borrowers. This page provides – Canada Prime Lending Rate – actual values, historical data, forecast, chart, statistics, economic calendar and news.