The interest rate for new and existing business loans in Canada dropped significantly over the early months of 2020. At the start of February 2020, interest rate for business loans was 4.02 percent, and dropped to 2.73 in September 2021. The interest rate remained low until early 2022, when it began to increase at fast-pace.
Monthly interest rate for new and existing business loans in Canada from October 2016 to October 2022
Basic Account
Get to know the platform
You only have access to basic statistics.
This statistic is not included in your account.
Starter Account
The ideal entry-level account for individual users
- Instant access to 1m statistics
- Download in XLS, PDF & PNG format
- Detailed references
$59 USD $39 USD / Month *
in the first 12 months
Professional Account
Full access
Corporate solution including all features.
* Prices do not include sales tax.
Statistics on Banking industry in Canada
Overview
7
- Premium Statistic Largest banks globally 2022, by market capitalization
- Basic Statistic Largest banks worldwide 2021, by assets
- Premium Statistic Leading banks in Canada 2022, by assets
- Premium Statistic Market capitalization of largest Canadian banks 2022
- Premium Statistic Number of bank branches in Canada 2000-2021
- Premium Statistic Assets of financial institutions in Canada 2002-2021, by institution type
- Premium Statistic Value of bank assets in Canada 2002-2021
Retail banking
5
- Premium Statistic Customer satisfaction with leading Canadian retail banks 2022
- Premium Statistic Average savings per household in Canada 2000-2021, by age group
- Premium Statistic Average household net savings Canada 2000-2021
- Premium Statistic Average value of new mortgage loans Canada Q3 2012-Q3 2022
- Premium Statistic Average mortgage interest rate Canada 2019-2021, by type of mortgage
Investment banking
5
- Premium Statistic Investor satisfaction with leading Canadian investment firms 2022
- Premium Statistic Leading advisors to M&A in Canada 2021, by value
- Premium Statistic Value of M&A deals in Canada 2006-Q3 2022
- Premium Statistic Most active private equity firms in Canada 2021, by number of deals
- Premium Statistic Value of IPO proceeds on the Canadian Stock Exchange 2018-2021, by sector
Corporate banking
4
- Basic Statistic Value of business credit disbursed in Canada H1 2018-H1 2022, by supplier
- Basic Statistic Value of outstanding of loans to businesses in Canada H1 2018-H1 2022, by size
- Premium Statistic Monthly interest rate for new and existing business loans in Canada 2016-2022
- Premium Statistic Monthly amounts outstanding for new and existing business loans in Canada 2016-2022
Further related statistics
21
- Forint interest rates on new corporate loans in Hungary Q1 2019-Q2 2021, by value
- Average mortgage interest rates in the UK 2000-2022
- Interest rate of business loans to small and medium enterprises in Hungary 2007-2020
- Interest rate of business loans to large enterprises in Hungary 2007-2020
- Effective interest rates of new household loans in the UK 2006-2022, by type
- Effective interest rates of outstanding household loans in the UK 2006-2022, by type
- Average contract interest rates on outstanding bank loans in Japan 2010-2021, by bank
- Interest rate of business loans to small and medium enterprises in France 2016-2021
- Annual growth of corporate loans in the Euro area 2006-2022
- Effective interest rates of household lending in the UK 2022, by type
- Interest rate of business loans to large enterprises in France 2006-2021
- Business loan interest rates in the euro area 2022, by country
- Mortgage interest rates in selected countries worldwide 2022
- Car loan interest rates in the U.S. 2019-2022, by type
- Lending interest rates APAC 2020, by country
- Mortgage interest rates APAC 2022, by country
- Average contract interest rates on outstanding bank loans in Japan 2010-2021
- Interest rate of new business loans to SMEs South Korea 2011-2021
- Interest rate of new business loans to large enterprises South Korea 2011-2021
- Monthly amounts outstanding for new and existing business loans in Canada 2016-2022
- Monthly car loan rates in the U.S. 2014-2022
Further Content: You might find this interesting as well
Bank of Canada. (January 11, 2023). Monthly interest rate for new and existing business loans in Canada from October 2016 to October 2022 [Graph]. In Statista. Retrieved January 28, 2023, from https://www.statista.com/statistics/1084004/monthly-interest-rate-business-loans-canada/
Bank of Canada. "Monthly interest rate for new and existing business loans in Canada from October 2016 to October 2022 ." Chart. January 11, 2023. Statista. Accessed January 28, 2023. https://www.statista.com/statistics/1084004/monthly-interest-rate-business-loans-canada/
Bank of Canada. (2023). Monthly interest rate for new and existing business loans in Canada from October 2016 to October 2022 . Statista. Statista Inc.. Accessed: January 28, 2023. https://www.statista.com/statistics/1084004/monthly-interest-rate-business-loans-canada/
Bank of Canada. "Monthly Interest Rate for New and Existing Business Loans in Canada from October 2016 to October 2022 ." Statista, Statista Inc., 11 Jan 2023, https://www.statista.com/statistics/1084004/monthly-interest-rate-business-loans-canada/
Bank of Canada, Monthly interest rate for new and existing business loans in Canada from October 2016 to October 2022 Statista, https://www.statista.com/statistics/1084004/monthly-interest-rate-business-loans-canada/ (last visited January 28, 2023)
Monthly interest rate for new and existing business loans in Canada from October 2016 to October 2022 [Graph], Bank of Canada, January 11, 2023. [Online]. Available: https://www.statista.com/statistics/1084004/monthly-interest-rate-business-loans-canada/