Prime rate history by year

Canada's approximate prime rate for each year since 2000 (Bank of Canada overnight rate + ~2.2 points). See the prime rate today.

Quick answer

Canada's prime rate has ranged from about 2.45% (2009, 2020-2021) to a peak near 7.20% in 2023, always sitting roughly 2.2 points above the Bank of Canada's overnight rate. It is about 4.45% in 2026 with the policy rate at 2.25%.

20264.45%20254.45%20245.45%20237.20%20226.45%20212.45%20202.45%20193.95%20183.95%20173.20%20162.70%20152.70%20143.20%20133.20%20123.20%20113.20%20103.20%20092.45%20083.70%20076.45%20066.45%20055.45%20044.70%20034.95%20024.95%20014.45%20007.95%
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