Canada: Business credit interest rate

* indicates monthly or quarterly data series
 Canada

Business credit interest rate, percent

 Latest value 3.3
 Reference May 2022
 Measure percent
 Source Bank of Canada

For that indicator, we provide data for Canada from July 2016 to May 2022. The average value for Canada during that period was 3.43 percent with a minimum of 2.73 percent in September 2021 and a maximum of 4.1 percent in December 2018. Click on the following link to see the values of Business credit interest rate, percent around the world.
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* indicates monthly or quarterly data series


Recent values


Longer historical series
Measure: percent
Source: Bank of Canada



Definition: The business credit interest rate is the average interest rate on the loan products offered by commercial banks to non-financial corporations. The business credit is a credit specifically intended for business purposes including secured and unsecured business loans to small or large business with variable or fixed interest rate.
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