Canada: monthly business loan interest rate 2024| ��ƽ��

Monthly interest rate of business loans in Canada from October 2016 to September 2024

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Release date

December 2024

More information

Region

Canada

Survey time period

October 2016 to September 2024

Special properties

Month end rate

Supplementary notes

Adapted from Statistics Canada, Interest rates charged for new and existing lending by chartered banks, October 2016 to September 2024. This does not constitute an endorsement by Statistics Canada of this product.

Citation formats

The interest rate of business loans in Canada dropped significantly over the early months of 2020, but it soared in 2022 and 2023. In February 2020, the interest rate for business loans was **** percent and it dropped to *** in September 2021. The interest rate remained low until early 2022, when it began to increase at fast-pace. In September 2024, the rate declined by ** basis points compared to the same period of the previous year.

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�����ƽ��

Monthly interest rate of business loans in Canada from October 2016 to September 2024

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��ƽ��

Other statistics on the topic
Banking in Canada

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