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Keep Informed

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The Prime Lending Rate is currently 6.70%

Historical & Upcoming Bank of Canada Rate Decisions

2023


January 25, 2021  -   + 0.25%


March 8, 2021  -  no change


April 12, 2021  -  TBA


June 7, 2021  -  TBA


July 12, 2021  -  TBA


September 6, 2021  -  TBA


October 25, 2021  -  TBA


December  6, 2021  -  TBA



2022


January 26, 2022  -  no change


March 2, 2022  -  + 0.25%


April 13, 2022 - + 0.50%


June 1, 2022  -   + 0.50%


July 13, 2022  -  + 1.00%


Sept 7, 2022  -  +0.75% 

(unscheduled increase)


October 26, 2022 - + 0.50%


December  7, 2022  + 0.50%



2021


January 20, 2021  -  no change


March 10, 2021  -  no change


April 21, 2021  -  no change


May 27, 2021  -  no change


June 9, 2021  -  no change


July 14, 2021  -  no change


September 8, 2021  -  no change


October 27, 2021  -  no change


December  8, 2021  -  no change



2020


January 22, 2020 -- no change


March 4, 2020 -- decrease of 0.50%


March 16, 2020 -- decrease of 0.50% 

(emergency rate cut)


March 27, 2020 -- decrease of 0.50% 

(emergency rate cut)


April 15, 2020 -- no change


June 3, 2020 -- no change


July 15, 2020 -- no change


September 9, 2020 -- no change


October 28, 2020 -- no change


December  9, 2020 --  no change



2019


January 9, 2019 -- no change


March 6, 2019 -- no change


April 24, 2019 -- no change


May 29, 2019 -- no change


July 10, 2019 -- no change


September 4, 2019 -- no change


October 30, 2019 -- no change


December 4, 2019 -- no change



2018


December 5, 2018  --  no change


October 24, 2018  --  increase of 0.25%


September 5, 2018  --  no change


July 11, 2018  --   increase of 0.25%


May 3, 2018  --  no change


April 18, 2018  --  no change


March 7, 2018  --  no change


January 17, 2018  --  increase of 0.25%