Canada: Business credit interest rate
* indicates monthly or quarterly data series
The most recent value is 5.1 percent as of March 2025, a decline compared to the previous value of 5.26 percent. Historically, the average for Canada from July 2016 to March 2025 is 4.17 percent. The minimum of 2.73 percent was recorded in September 2021, while the maximum of 6.49 percent was reached in May 2024.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: Bank of Canada
| Recent values | Canada: Business credit interest rate, percent |
|---|---|
| 2025 Mar | 5.1 |
| 2025 Feb | 5.26 |
| 2025 Jan | 5.34 |
| 2024 Dec | 5.48 |
| 2024 Nov | 5.75 |
| 2024 Oct | 5.85 |
| 2024 Sep | 6.12 |
| 2024 Aug | 6.27 |
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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 | Reference | Measure |
|---|---|---|---|
| Inflation | 3.9 | 2023 | percent |
| Exchange rate regimes | 7 | 2022 | index points |
| USD exchange rate | 1.3862 | 5/2025 | Local Currency Units per USD |
| Money supply (broad money) | 2,695.50 | 3/2025 | billion |
| Consumer Price Index (CPI) | 163.4000 | 4/2025 | index points |
| Inflation, monthly | -0.06 | 4/2025 | percent |
| Inflation, annual | 1.74 | 4/2025 | percent |
| Private sector credit | 6,560.71 | 3/2025 | billion |
| Business credit | 3,512.26 | 3/2025 | billion |
| Household credit | 3,048.45 | 3/2025 | billion |
| Mortgage credit | 2,260.31 | 3/2025 | billion |
| Consumer credit | 788.14 | 3/2025 | billion |
| Business credit interest rate | 5.10 | 3/2025 | percent |
| Mortgage credit interest rate | 4.39 | 3/2025 | percent |
| Policy rate | 2.75 | 4/2025 | percent |
| Household debt to GDP | 100.10 | 9/2024 | percent |
| Debt service ratios for private non-financial sector | 25.20 | Q3/2024 | percent |