Canada: Long-term interest rate
* indicates monthly or quarterly data series
The most recent value is 3.08 percent as of August 2024, a decline compared to the previous value of 3.41 percent. Historically, the average for Canada from January 1960 to August 2024 is 6.33 percent. The minimum of 0.52 percent was recorded in July 2020, while the maximum of 17 percent was reached in September 1981.
Click on the following link to see the values of: Long-term interest rate around the world.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: OECD
| Recent values | Canada: Long-term interest rate |
|---|---|
| 2024 Aug | 3.08 |
| 2024 Jul | 3.41 |
| 2024 Jun | 3.39 |
| 2024 May | 3.64 |
| 2024 Apr | 3.7 |
| 2024 Mar | 3.44 |
| 2024 Feb | 3.5 |
| 2024 Jan | 3.35 |
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Definition: The current yield on a 10 year government bond. The yield on these instruments is typical used as the representative interest rate for a country.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Government spending, percent of GDP | 21.23 | 2023 | percent |
| Government spending, in dollars | 454.35 | 2023 | billion U.S. dollars |
| Fiscal balance, percent of GDP | -1.30 | 2023 | percent |
| Government debt | 107.50 | 2023 | percent |
| Government expenditure | 164.76 | Q3/2024 | billion |
| Long-term interest rate | 3.08 | 8/2024 | percent |
| Tax revenue | 12.83 | 2022 | percent |
| Commercial tax rate | 24.50 | 2019 | percent |
| Tax preparation time | 131 | 2019 | hours |
| Number of taxes | 8 | 2019 | taxes |
| Taxes on goods and services | 17.71 | 2022 | percent |
| Taxes on international trade | 1.59 | 2022 | percent |
| Income and profits taxes | 69.31 | 2022 | percent |