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BoC

Central banks

Policy rate
2.50%
3M 6M 1Y 5Y 10Y ALL
History
FirstLast
Policy rate %2.252.50
10Y %3.693.78
History % Policy rate: 2.25 to 2.50 % 10Y: 3.69 to 3.78 % Aug 12, 26 Nov 12, 26

Government yields sit above the policy rate

In plain words

The central bank's main interest rate is 2.5 percent, and government borrowing rates for two years and longer are higher. People watch this gap to judge what financial markets expect rates to do next.

Where it sits

Policy rate Low 2.25Now 2.50High 2.50
10Y Low 3.12Now 3.78High 3.99

One-year low to high. Drawn from the data, not by AI.

There is more in this note

What it means if this rises or falls, cause and effect, how it works, the words to know and what to watch next.

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Written by AI from the numbers on this page. Not advice.

Policy rate

Policy rate 2.50% -
Last changed 2026-10-29 -
Last change 25bps -
3-month change 25bps -
6-month change 25bps -
12-month change 25bps -

Government yields

2Y 3.33% +8
3Y 3.41% +7
5Y 3.53% +7
7Y 3.61% +7
10Y 3.78% +6
30Y 4.09% +5

Against policy

2Y - Policy rate 83bps -

Leads to

BoC

1 / 5

Rates in Canada

How does the Bank of Canada's policy rate compare with Canadian government bond yields (interest rates)?

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