Today's Canadian Interest Rates
The rates that move your money, straight from the Bank of Canada's published series, each with the date it covers. Lender rates are read off each lender's own page.
The Bank of Canada's policy rate is 2.50% and prime is 4.70%. The big banks' posted 5-year fixed mortgage rate is 6.19%, but the average new insured 5-year fixed loan was 4.12% (2026-08). Card balances average 21.35%, the most expensive common borrowing by far.
Figures as of 2026-11-06.Benchmarks
| Series | Rate | As of |
|---|---|---|
| Bank of Canada target for the overnight rate (policy rate) | 2.50% | 2026-11-06 |
| Prime rate (chartered banks, typical) | 4.70% | 2026-11-04 |
| Government of Canada benchmark bond yield, 5-year | 3.36% | 2026-11-06 |
| Government of Canada benchmark bond yield, 10-year | 3.65% | 2026-11-06 |
Mortgages
| Series | Rate | As of |
|---|---|---|
| Posted conventional mortgage rate, 1-year | 5.49% | 2026-11-04 |
| Posted conventional mortgage rate, 3-year | 6.05% | 2026-11-04 |
| Posted conventional mortgage rate, 5-year | 6.19% | 2026-11-04 |
| Effective rate on new insured fixed mortgages, 5 years and over | 4.12% | 2026-08-01 |
| Effective rate on new uninsured fixed mortgages, 5 years and over | 4.58% | 2026-08-01 |
| Effective rate on new insured variable-rate mortgages | 3.74% | 2026-08-01 |
| Effective rate on new uninsured variable-rate mortgages | 3.90% | 2026-08-01 |
Savings
| Series | Rate | As of |
|---|---|---|
| Posted non-chequable savings deposit rate (major banks) | 0.01% | 2026-11-04 |
| Posted GIC rate, 1-year (major banks) | 2.45% | 2026-11-04 |
| Posted GIC rate, 3-year (major banks) | 3.20% | 2026-11-04 |
| Posted GIC rate, 5-year (major banks) | 2.75% | 2026-11-04 |
| Government of Canada treasury bill yield, 1-year | 3.05% | 2026-11-03 |
Borrowing
| Series | Rate | As of |
|---|---|---|
| Effective rate on outstanding credit card balances | 21.35% | 2026-08-01 |
| Effective rate on new personal loan plans | 7.92% | 2026-08-01 |
| Effective rate on new auto loans (personal loan plans) | 6.59% | 2026-08-01 |
| Effective rate on new secured personal lines of credit | 4.04% | 2026-08-01 |
| Effective rate on new unsecured personal lines of credit | 7.78% | 2026-08-01 |
Lowest 5-year fixed insured rate we collected
4.34% from ATB Financial, read off its own rates page on 2026-11-01. Conditions: Featured offers, 'Rate First Residential Mortgage' column. ATB Prime 4.70% (atb.com/resources/rates/). Page T&Cs: 'The mortgage loan must be advanced within 120 days of the date of application.' Refinance: +0.15%/yr premium; rental/secondary home or amortization >25 yrs: +0.50%/yr premium. No as-of date shown on page.. It's a published rate, not an offer: your rate depends on your file. The dataset covers 19 lenders.
See every lender's rates on MortgageRateToday.ca · Check a quote on IsThisAGoodRate.ca
Source
- ATB Financial — Mortgage rates page. Checked .
Policy rate since 2020
Show the numbers
| Policy rate | |
|---|---|
| 2020-02 | 1.75% |
| 2020-03 | 0.25% |
| 2020-04 | 0.25% |
| 2020-05 | 0.25% |
| 2020-06 | 0.25% |
| 2020-07 | 0.25% |
| 2020-08 | 0.25% |
| 2020-09 | 0.25% |
| 2020-10 | 0.25% |
| 2020-11 | 0.25% |
| 2020-12 | 0.25% |
| 2021-01 | 0.25% |
| 2021-02 | 0.25% |
| 2021-03 | 0.25% |
| 2021-04 | 0.25% |
| 2021-05 | 0.25% |
| 2021-06 | 0.25% |
| 2021-07 | 0.25% |
| 2021-08 | 0.25% |
| 2021-09 | 0.25% |
| 2021-10 | 0.25% |
| 2021-11 | 0.25% |
| 2021-12 | 0.25% |
| 2022-01 | 0.25% |
| 2022-02 | 0.25% |
| 2022-03 | 0.50% |
| 2022-04 | 1.00% |
| 2022-05 | 1.00% |
| 2022-06 | 1.50% |
| 2022-07 | 2.50% |
| 2022-08 | 2.50% |
| 2022-09 | 3.25% |
| 2022-10 | 3.75% |
| 2022-11 | 3.75% |
| 2022-12 | 4.25% |
| 2023-01 | 4.50% |
| 2023-02 | 4.50% |
| 2023-03 | 4.50% |
| 2023-04 | 4.50% |
| 2023-05 | 4.50% |
| 2023-06 | 4.75% |
| 2023-07 | 5.00% |
| 2023-08 | 5.00% |
| 2023-09 | 5.00% |
| 2023-10 | 5.00% |
| 2023-11 | 5.00% |
| 2023-12 | 5.00% |
| 2024-01 | 5.00% |
| 2024-02 | 5.00% |
| 2024-03 | 5.00% |
| 2024-04 | 5.00% |
| 2024-05 | 5.00% |
| 2024-06 | 4.75% |
| 2024-07 | 4.50% |
| 2024-08 | 4.50% |
| 2024-09 | 4.25% |
| 2024-10 | 3.75% |
| 2024-11 | 3.75% |
| 2024-12 | 3.25% |
| 2025-01 | 3.00% |
| 2025-02 | 3.00% |
| 2025-03 | 2.75% |
| 2025-04 | 2.75% |
| 2025-05 | 2.75% |
| 2025-06 | 2.75% |
| 2025-07 | 2.75% |
| 2025-08 | 2.75% |
| 2025-09 | 2.50% |
| 2025-10 | 2.25% |
| 2025-11 | 2.25% |
| 2025-12 | 2.25% |
| 2026-01 | 2.25% |
| 2026-02 | 2.25% |
| 2026-03 | 2.25% |
| 2026-04 | 2.25% |
| 2026-05 | 2.25% |
| 2026-06 | 2.25% |
| 2026-07 | 2.25% |
| 2026-08 | 2.25% |
| 2026-09 | 2.25% |
| 2026-10 | 2.50% |
| 2026-11 | 2.50% |
Monthly lending averages arrive about six weeks after the month ends; weekly posted rates update on Wednesdays.
Frequently asked questions
What is the Bank of Canada's policy rate today?
2.50%, in effect since 2026-10-29. Prime at the big banks follows it, at 4.70%.
Why is the posted 5-year rate so much higher than what people pay?
Posted rates are the banks' list prices, used mainly for the stress test and penalty calculations. The Bank of Canada also publishes the average effective rate actually charged on new mortgages, which is usually well below posted.
Sources
- Bank of Canada — Bank of Canada target for the overnight rate (policy rate) (series V39079) (effective November 6, 2026). Checked .
- Bank of Canada — Prime rate (chartered banks, typical) (series V80691311) (effective November 4, 2026). Checked .
- Bank of Canada — Government of Canada benchmark bond yield, 5-year (series BD.CDN.5YR.DQ.YLD) (effective November 6, 2026). Checked .
- Bank of Canada — Government of Canada benchmark bond yield, 10-year (series BD.CDN.10YR.DQ.YLD) (effective November 6, 2026). Checked .
- Bank of Canada — Posted conventional mortgage rate, 1-year (series V80691333) (effective November 4, 2026). Checked .
- Bank of Canada — Posted conventional mortgage rate, 3-year (series V80691334) (effective November 4, 2026). Checked .
- Bank of Canada — Posted conventional mortgage rate, 5-year (series V80691335) (effective November 4, 2026). Checked .
- Bank of Canada — Effective rate on new insured fixed mortgages, 5 years and over (series V122667780) (effective August 1, 2026). Checked .
- Bank of Canada — Effective rate on new uninsured fixed mortgages, 5 years and over (series V122667786) (effective August 1, 2026). Checked .
- Bank of Canada — Effective rate on new insured variable-rate mortgages (series V122667776) (effective August 1, 2026). Checked .
- Bank of Canada — Effective rate on new uninsured variable-rate mortgages (series V122667782) (effective August 1, 2026). Checked .
- Bank of Canada — Posted non-chequable savings deposit rate (major banks) (series V80691338) (effective November 4, 2026). Checked .
- Bank of Canada — Posted GIC rate, 1-year (major banks) (series V80691339) (effective November 4, 2026). Checked .
- Bank of Canada — Posted GIC rate, 3-year (major banks) (series V80691340) (effective November 4, 2026). Checked .
- Bank of Canada — Posted GIC rate, 5-year (major banks) (series V80691341) (effective November 4, 2026). Checked .
- Bank of Canada — Government of Canada treasury bill yield, 1-year (series V80691305) (effective November 3, 2026). Checked .
- Bank of Canada — Effective rate on outstanding credit card balances (series V122667812) (effective August 1, 2026). Checked .
- Bank of Canada — Effective rate on new personal loan plans (series V122667804) (effective August 1, 2026). Checked .
- Bank of Canada — Effective rate on new auto loans (personal loan plans) (series V122667805) (effective August 1, 2026). Checked .
- Bank of Canada — Effective rate on new secured personal lines of credit (series V122667806) (effective August 1, 2026). Checked .
- Bank of Canada — Effective rate on new unsecured personal lines of credit (series V122667807) (effective August 1, 2026). Checked .