Chartered Bank Prime Rate
(PRIME_RATE)Observations
Oct 2026: 4.45
Updated: 2026-10-09, 8:49:41 a.m. ET
Units
Percent,
Posted rate, weekly
Frequency
Weekly
Source
Bank of Canada, Valet
Series ID
PRIME_RATE
Valet V80691311
CREDChartered Bank Prime Rate
Source: Bank of Canada, Valet via CRED
Shaded areas indicate Canadian recessions (C.D. Howe Institute).
Shaded areas indicate Canadian recessions (C.D. Howe Institute).
Notes
Source: Bank of Canada
Release: Chartered bank interest rates
Units: Percent, Posted rate, weekly
Frequency: Weekly
Notes: The prime rate posted by major chartered banks, published weekly by the Bank of Canada. It is the base rate for variable-rate mortgages and business loans: when the Bank of Canada moves its policy target, the chartered banks move prime in lockstep. This series carries the posted rate in percent.
Suggested Citation: Bank of Canada, Chartered Bank Prime Rate PRIME_RATE, retrieved from CRED, Canadian Research Economic Data; https://cred.nshipyard.com/series/PRIME_RATE, October 9, 2026.
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