History of Canadian interest rates since 2007

Bank of Canada interest rate announcement occurs 8 times a year.

History of prime rate since July 2007 provided by Scotia Mortgage;

Date:                                                              Rate:

July 2007 to Nov  2007                                    6.25%

Dec 2007                                                         6.00%

Jan 2008 to Feb 2008                                      5.75%

March 2008                                                      5.25%

April 2008 to Sept 2008                                   4.75%

Oct 2008 to Nov 2008                                      4.00%

Dec 2008                                                          3.50%

Jan 2009 to Feb 2009                                       3.00%

Mar 2009                                                           2.50%

April 2009 to May 2010                                      2.25%

June 2010                                                          2.50%

July 2010 to Aug 2010                                        2.75%

Sept 2010 to Mar 2011                                       3.00%

 

The next Bank of Canada interest rate announcement dates;

April 12, 2011

May 31, 2011

July 19, 2011

Sept 7, 2011

Oct 25, 2011

Dec 6, 2011

 

Most financial markets are pricing next increase Sept 2011. Fixed rates are more volatile as they follow the bond market.

Scotiabank is has 120 day rate guarantee. If you would like further details, please get in touch. I would love to help!

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