Business credit interest rate, percent
| Latest value
||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.
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around the world.
Longer historical series
* indicates monthly or quarterly data series
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.