Rules & rates
Lending rules and benchmark rates
Every figure on these pages is published with the body that produced it and the date it was in force. Where a value could not be verified against the publisher's own publication, it is left out rather than estimated — that is why some provincial numbers are deliberately blank.
Bank of Canada benchmark series
| Series | Value | As of | Publisher |
|---|---|---|---|
| Target for the overnight rate (business daily) | 2.25% | 2026-09-16 | Bank of Canada |
| Prime rate | 4.45% | 2026-09-16 | Bank of Canada |
| Conventional mortgage: 5-year | 6.09% | 2026-09-16 | Bank of Canada |
| Benchmark bond yield: 2 year | 3.35% | 2026-09-16 | Bank of Canada |
| Benchmark bond yield: 3 year | 3.44% | 2026-09-16 | Bank of Canada |
| Benchmark bond yield: 5 year | 3.64% | 2026-09-16 | Bank of Canada |
| Benchmark bond yield: 10 year | 3.92% | 2026-09-16 | Bank of Canada |
| Daily interest savings (balances over $100,000) | 0.01% | 2026-09-16 | Bank of Canada |
Series codes and definitions come from the Bank of Canada Valet API.
Rules
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Payday loan rules in Canada
How the federal payday lending rules work, what the cost cap is, and where provincial regimes differ.
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The criminal rate of interest
Canada's federal interest rate ceiling, what it covers, and why it sets the outer limit for every consumer loan.
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Mortgage qualification rules
The debt service, loan-to-value and stress-test rules that federally regulated lenders apply.
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Consumer proposals, bankruptcies and your credit report
How long insolvency outcomes stay on a Canadian credit report, and who is allowed to administer them.
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Bank of Canada benchmark rates
The live Bank of Canada series this site publishes, refreshed from the Bank's own Valet API.
Sources
- Criminal Code s. 347 — criminal rate of interest —
- Payday Lending Regulations, SOR/2024-114 —
- Bank of Canada — rates —
Every figure on this page is attributed to the publisher above. Where a value could not be verified against the publisher's own publication, it is left out rather than estimated.