Canada: Business credit interest rate
(measure: percent, source: Bank of Canada)
* indicates monthly or quarterly data series
Business credit interest rate, percent in Canada
, July 2016 - February 2021: For that indicator, we provide data for Canada from July 2016 to February 2021. The average value for Canada during that period was 3.57 percent with a minimum of 2.95 percent in February 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
Measure: percent
Source: Bank of Canada
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.