Canada: Business credit interest rate

* indicates monthly or quarterly data series
 Canada

Business credit interest rate, percent

 Latest value 6.39
 Reference March 2024
 Measure percent
 Data availability July 2016 - March 2024
 Average 3.95
 Min - Max 2.73 - 6.39
 Source Bank of Canada
For that indicator, we provide data for Canada from July 2016 to March 2024. The average value for Canada during that period was 3.95 percent with a minimum of 2.73 percent in September 2021 and a maximum of 6.39 percent in March 2024. 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 chart
Canada - Business credit interest rate - recent values

Historical chart
Canada - Business credit interest rate - historical chart - 2016-2024
Measure: percent
Source: Bank of Canada


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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.

 Related indicators Latest value Reference Measure
 Inflation 6.8 2022 percent
 Exchange rate regimes 7 2021 index points
 USD exchange rate 1.3548 9/2023 Local Currency Units per USD
 Money supply (broad money) 2,452.85 9/2023 billion
 Consumer Price Index (CPI) 158.5000 9/2023 index points
 Inflation, monthly -0.13 9/2023 percent
 Inflation, annual 3.80 9/2023 percent
 Private sector credit 4,638.28 9/2020 billion
 Business credit 2,304.15 9/2020 billion
 Household credit 2,334.13 9/2020 billion
 Mortgage credit 1,707.88 9/2020 billion
 Consumer credit 626.25 9/2020 billion
 Business credit interest rate 6.25 9/2023 percent
 Mortgage credit interest rate 4.63 9/2023 percent
 Policy rate 5.00 9/2023 percent
 Household debt to GDP 102.50 9/2023 percent
 Debt service ratios for private non-financial sector 24.40 Q3/2023 percent
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