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Bank of Canada · Target for the overnight rate, CORRA and Government of Canada benchmark bond yields, end of month

What are the Bank of Canada's interest rates and the Government of Canada's bond yields?

The month ended : of the 8 lines, the change over a year was largest for 3-year yield, up 1.00 percentage point, and smallest for Target for the overnight rate, down 0.25 percentage points.

Bank of Canada rates and Government of Canada yields, bank of canada rates, each month

September 2016 to September 2026Not seasonally adjusted, as publishedNo picture is made of these rows; their numbers are in the table

Bank of Canada rates and Government of Canada yields, bank of canada rates, each month, one row for each measure
  • Target for the overnight rate2.250.25 to 5.00
  • CORRA2.310.10 to 5.07

Bank of Canada rates and Government of Canada yields, government of canada bond yields, each month

September 2016 to September 2026Not seasonally adjusted, as publishedNo picture is made of these rows; their numbers are in the table

Bank of Canada rates and Government of Canada yields, government of canada bond yields, each month, one row for each measure
  • 2-year yield3.370.15 to 4.87
  • 3-year yield3.470.18 to 4.64
  • 5-year yield3.690.31 to 4.25
  • 7-year yield3.770.34 to 4.11
  • 10-year yield3.990.46 to 4.05
  • Long-term yield4.300.92 to 4.30

Each row is one line of the page over the last ten years, one month to a point, on a scale shared by the rows of the tab, with its newest value and its range printed beside it and a dashed line at zero. A gap is a month with no value. Pointing at the chart shows the month and the value.

Observed .

Right now

Over a year to September 2026, of the 8 lines on this page the change was largest for 3-year yield, up 1.00 percentage point, and smallest for Target for the overnight rate, down 0.25 percentage points.

Of these lines, 6 rose, 2 fell and 0 did not change over the year (ours, from the published values).

See every line with its value and rank

By lineOver a year, ours

Bank of Canada rates and Government of Canada yields, change over a year, by line

September 2025 to September 2026Percentage points, ours, from the published values

  • 1 3-year yield +1.00 pts now 3.47%
  • 2 5-year yield +0.95 pts now 3.69%
  • 3 2-year yield +0.90 pts now 3.37%
  • 3 7-year yield +0.90 pts now 3.77%
  • 5 10-year yield +0.82 pts now 3.99%
  • 6 Long-term yield +0.69 pts now 4.30%
  • 7 CORRA −0.25 pts now 2.31%
  • 7 Target for the overnight rate −0.25 pts now 2.25%
  • Bank of Canada rates
  • Government of Canada bond yields

Each bar is the change in one line over a year, the largest first, with its rank at the left and its newest value under the figure. A line with its own page links it from its name. A change below zero runs to the left of the zero line. The colour says which section of the page a line is in.

Observed .

Bank of Canada rates and Government of Canada yields, change over a year in each month

Percentage points, ours, from the published values

Line
Target for the overnight rate−1.50−1.50−1.00−0.75−0.75−0.50−0.50−0.50−0.50−0.50−0.50−0.25
CORRA−1.49−1.53−1.02−0.75−0.71−0.50−0.47−0.51−0.41−0.39−0.50−0.25
2-year yield−0.67−0.61−0.35−0.10−0.18+0.36+0.49+0.18+0.15+0.15+0.37+0.90
3-year yield−0.63−0.58−0.30−0.17−0.21+0.40+0.54+0.25+0.22+0.27+0.46+1.00
5-year yield−0.32−0.210.00+0.19+0.07+0.48+0.53+0.25+0.18+0.26+0.45+0.95
7-year yield−0.29−0.15+0.04+0.15+0.04+0.46+0.50+0.21+0.13+0.20+0.39+0.90
10-year yield−0.10+0.07+0.19+0.35+0.23+0.49+0.49+0.21+0.10+0.20+0.35+0.82
Long-term yield+0.30+0.46+0.52+0.64+0.51+0.65+0.51+0.32+0.21+0.29+0.32+0.69

Each chip is one month's change from the same month a year earlier. The mark in its middle is zero: a fill to the right of it is a rise and a fill to the left a fall. A longer, brighter fill is a larger change, in five steps up to 0.90 and over. Every chip prints its figure and sign.

Observed .

Understanding bank of canada rates and canadian yields

Where it stands today

The largest change over a year was 3-year yield, up 1.00 percentage point, in September 2026.

What do the lines of this page measure?

The Bank of Canada sets a target for the overnight rate, the rate at which the major banks lend to each other for one day, and changes it on dates it announces. The Canadian Overnight Repo Rate Average (CORRA) is the bank's measure of the average rate on overnight loans against Government of Canada securities. The yields are those of the Government of Canada benchmark bonds of 2, 3, 5, 7 and 10 years and of its long-term bonds.

Read more

What 500metrics adds: the value at the end of each month, the change over a year of every line, ranked across the page; the last ten years of every line as rows of small charts; and a table of the change over a year in each of the last twelve months.

The numbers behind the chart

What is the latest value of each line?8 lines, in the sections of the page
Bank of Canada rates and Government of Canada yields: the newest month of each line, its change over a year (ours) and its rank by that change; equal changes share a rank
LineSectionMonthValueChange over a yearRank
Target for the overnight rateBank of Canada rates2.25%−0.25 pts7
CORRABank of Canada rates2.31%−0.25 pts7
2-year yieldGovernment of Canada bond yields3.37%+0.90 pts3
3-year yieldGovernment of Canada bond yields3.47%+1.00 pts1
5-year yieldGovernment of Canada bond yields3.69%+0.95 pts2
7-year yieldGovernment of Canada bond yields3.77%+0.90 pts3
10-year yieldGovernment of Canada bond yields3.99%+0.82 pts5
Long-term yieldGovernment of Canada bond yields4.30%+0.69 pts6

The table scrolls sideways; the first column stays in place.

What do these figures leave out, and how are they cited?Limits, dates and how to cite

What this number cannot tell you

  • The Bank of Canada publishes these series every business day. A month's value here is the value of the last day of the month that has one, and a month shows only after the bank has published a day of the month after it.
  • The series begin on different days: CORRA on 12 August 1997, the benchmark yields on 2 January 2001 and the daily series of the target for the overnight rate on 21 April 2009 (the central bank rates page has the policy rate of Canada from 1960). CORRA is published to four places and the page prints every line to two.
  • The changes and the ranks are ours, worked out from the values the Bank of Canada publishes, and the monthly values are ours, taken from its daily ones; a change is in percentage points.

Observed . Checked .

How to cite this

Bank of Canada, policy interest rate, CORRA and Government of Canada yields, Target for the overnight rate, CORRA and Government of Canada benchmark bond yields, end of month, through September 2026. Compiled by 500metrics, "What are the Bank of Canada's interest rates and the Government of Canada's bond yields?", https://500metrics.com/canada-interest-rates.

Can the data be downloaded?canada-interest-rates.csv

Download the last ten years of every line as CSV: 968 rows, to , 61,403 bytes.

Our text and compilation: CC BY 4.0.

Page updated

Sources

Bank of Canada, policy interest rate, CORRA and Government of Canada yields (source) Terms: Bank of Canada terms and conditions.