Lending Rate, Percent per annum in Canada
Canada: Lending Rate, Percent per annum was 2.7 in 2017. ▼ Falling
Latest (2017)
2.7
Change on year
unchanged
World rank
141st
of 144 countries
All-time high
19.29
in 1981
All-time low
2.4
in 2009
Years of data
68
1950–2017
Lending Rate, Percent per annum in Canada, 1950–2017
Source: International Monetary Fund.
Analysis
Canada recorded 2.7 for lending rate, percent per annum in 2017.
Compared with earlier readings it is down 55.8% over ten years.
Over the whole period, lending rate, percent per annum in Canada peaked at 19.29 in 1981 and was at its lowest, 2.4, in 2009.
That places Canada 141st out of 144 countries with data for 2017, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 68 years of available data.
Lending Rate, Percent per annum in Canada, year by year
| Year | Value | Change |
|---|---|---|
| 1950 | 4.5 | — |
| 1951 | 4.5 | +0.0% |
| 1952 | 4.5 | +0.0% |
| 1953 | 4.5 | +0.0% |
| 1954 | 4.5 | +0.0% |
| 1955 | 4.5 | +0.0% |
| 1956 | 5.04 | +12.0% |
| 1957 | 5.58 | +10.7% |
| 1958 | 5.27 | -5.6% |
| 1959 | 5.65 | +7.1% |
| 1960 | 5.75 | +1.8% |
| 1961 | 5.6 | -2.5% |
| 1962 | 5.71 | +1.9% |
| 1963 | 5.75 | +0.7% |
| 1964 | 5.75 | +0.0% |
| 1965 | 5.77 | +0.4% |
| 1966 | 6 | +4.0% |
| 1967 | 5.92 | -1.4% |
| 1968 | 6.92 | +16.9% |
| 1969 | 7.96 | +15.1% |
| 1970 | 8.17 | +2.6% |
| 1971 | 6.48 | -20.7% |
| 1972 | 6 | -7.4% |
| 1973 | 7.65 | +27.4% |
| 1974 | 10.75 | +40.6% |
| 1975 | 9.42 | -12.4% |
| 1976 | 10.04 | +6.6% |
| 1977 | 8.5 | -15.4% |
| 1978 | 9.69 | +14.0% |
| 1979 | 12.9 | +33.1% |
| 1980 | 14.25 | +10.5% |
| 1981 | 19.29 | +35.4% |
| 1982 | 15.81 | -18.0% |
| 1983 | 11.17 | -29.4% |
| 1984 | 12.06 | +8.0% |
| 1985 | 10.58 | -12.3% |
| 1986 | 10.52 | -0.6% |
| 1987 | 9.52 | -9.5% |
| 1988 | 10.83 | +13.8% |
| 1989 | 13.33 | +23.1% |
| 1990 | 14.06 | +5.5% |
| 1991 | 9.94 | -29.3% |
| 1992 | 7.48 | -24.7% |
| 1993 | 5.94 | -20.6% |
| 1994 | 6.88 | +15.8% |
| 1995 | 8.65 | +25.8% |
| 1996 | 6.06 | -29.9% |
| 1997 | 4.96 | -18.2% |
| 1998 | 6.6 | +33.2% |
| 1999 | 6.44 | -2.5% |
| 2000 | 7.27 | +12.9% |
| 2001 | 5.81 | -20.1% |
| 2002 | 4.21 | -27.6% |
| 2003 | 4.69 | +11.4% |
| 2004 | 4 | -14.7% |
| 2005 | 4.42 | +10.4% |
| 2006 | 5.81 | +31.6% |
| 2007 | 6.1 | +5.0% |
| 2008 | 4.73 | -22.5% |
| 2009 | 2.4 | -49.3% |
| 2010 | 2.6 | +8.7% |
| 2011 | 3 | +15.2% |
| 2012 | 3 | +0.0% |
| 2013 | 3 | +0.0% |
| 2014 | 3 | +0.0% |
| 2015 | 2.77 | -7.5% |
| 2016 | 2.7 | -2.7% |
| 2017 | 2.7 | +0.0% |
Canada compared with similar countries
- Canada's 2.7 is below the median for high income countries, which is 5.18, 52% of the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 4.85 | 4.5 | 5.65 | 10 |
| 1960s | 6.11 | 5.6 | 7.96 | 10 |
| 1970s | 8.96 | 6 | 12.9 | 10 |
| 1980s | 12.74 | 9.52 | 19.29 | 10 |
| 1990s | 7.7 | 4.96 | 14.06 | 10 |
| 2000s | 4.94 | 2.4 | 7.27 | 10 |
| 2010s | 2.85 | 2.6 | 3 | 8 |
Countries ranked near Canada
- 138 Sweden 3.68 compare
- 139 United States 3.25 compare
- 140 Israel 2.96 compare
- 142 Netherlands 1.5 compare
- 143 Japan 0.994 compare
- 144 New Zealand 0 compare
More financial sector data for Canada
- Reserve position in the IMF, US dollar, annual growth rate 6.08 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0017 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 93.62 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 1.02 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 68.36 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 6.08 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0017 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 93.62 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 1.02 % change on previous year (2025)
Frequently asked questions
- What is lending rate, percent per annum in Canada?
- Lending rate, percent per annum in Canada was 2.7 in 2017, according to International Monetary Fund.
- What is the highest lending rate, percent per annum recorded in Canada?
- The highest recorded value was 19.29 in 1981.
- What is the lowest lending rate, percent per annum recorded in Canada?
- The lowest recorded value was 2.4 in 2009.
- How does Canada rank for lending rate, percent per annum?
- Canada ranks 141st out of 144 countries with data for 2017.
- Is lending rate, percent per annum rising or falling in Canada?
- Over the last ten years it is down 55.8%. The long-run trend across the full record is falling.
- Where does this Canada data come from?
- The figures come from International Monetary Fund, published as part of Lending Rate, Percent per annum. Statizoid updates them automatically from the source API.
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About this data
The Monetary and Financial Statistics (MFS), Interest Rates dataset presents country-specific interest rate data across sectors and instruments, based on nationally defined methodologies.