Canada's prime rate in 2025 was about 4.45% — the same as today's 4.45%. Prime tracks the Bank of Canada's policy rate (2.25% that year) plus roughly 2.2 points. See the full prime-rate history and the BoC rate that year.
Canada's prime rate in 2025 was about 4.45% — the same as today's 4.45%. Prime tracks the Bank of Canada's policy rate (2.25% that year) plus roughly 2.2 points, and it prices variable mortgages and lines of credit.
With the Bank of Canada's overnight rate at 2.25% in 2025, the big banks set prime near 4.45%. Anyone with a variable-rate mortgage or line of credit that year paid interest based on this number, minus their negotiated discount. Compared with today's 4.45%, borrowing off prime in 2025 was the same as now.
This is an approximate figure for context — verify exact historical prime rates and change dates with the banks and the Bank of Canada.
Approximately 4.45% (BoC 2.25% + ~2.2 points; verify exact dates).