Canada Interest Rate Spread
Interest rate spread (lending rate minus deposit rate) FR.INR.LNDP
Canada's interest rate spread was 2.60% in 2017, ranked 24th globally. This represents a 0.0% increase from 2016. Data from World Bank, covering 1971–2017.
Overview
Canada's interest rate spread stood at 2.60% in 2017, a rise of +0.00pp from 2016. Canada ranked 24th globally.
Canada’s interest‑rate spread has widened modestly since the early 1970s, moving from a trough of 1.02 % in 1972 to an all‑time peak of 4.25 % in 1989, before settling at 2.60 % in 2017, which placed the country 24th in the world. Over the 47‑year span the spread has remained relatively stable after the 1980s high, reflecting a gradual convergence of policy and market rates. The 2017 figure is close to the spreads observed in peer economies such as Sri Lanka (2.57 %) and Belarus (2.66 %), indicating that Canada’s financing conditions are comparable to those of other middle‑income and transition economies. The modest upward drift since the early 2000s suggests that future movements will hinge on monetary‑policy choices, inflation dynamics and global credit conditions; a sustained shift in any of these variables could alter the trajectory of the spread.
Data & projection
| Year | Interest Rate Spread | YoY change | Rank |
|---|---|---|---|
| 2017 | 2.60% | +0.00pp | #24 |
| 2016 | 2.60% | −0.10pp | #23 |
| 2015 | 2.70% | +0.25pp | #27 |
| 2014 | 2.45% | +0.00pp | #21 |
| 2013 | 2.45% | −0.07pp | #23 |
| 2012 | 2.52% | −0.01pp | #19 |
| 2011 | 2.53% | +0.12pp | #19 |
| 2010 | 2.40% | +0.10pp | #22 |
| 2009 | 2.30% | −0.93pp | #19 |
| 2008 | 3.23% | −0.79pp | #27 |
| 2007 | 4.02% | +0.03pp | #35 |
| 2006 | 3.99% | +0.36pp | #33 |
| 2005 | 3.63% | +0.41pp | #25 |
| 2004 | 3.22% | −0.37pp | #13 |
| 2003 | 3.59% | +0.21pp | #16 |
Detected Pattern
Analysis
Canada matched the Export Boom Cycle pattern in 2007. Historically, 71% of countries showing this pattern (546 out of 768) saw interest rate spread improve within 24 months. View full analysis →
Frequently Asked Questions
Canada's interest rate spread was 2.60% in 2017. Ranked 24th globally. This represents a 0.0% increase from the previous year.
Canada's interest rate spread peaked at 4.25% in 1989.
The lowest interest rate spread in Canada was 1.02% in 1972.
Canada ranks 24th globally in interest rate spread as of 2017.
The World Bank indicator code is FR.INR.LNDP. Data sourced from World Bank.
The interest rate spread of Canada in 2017 was 2.60%. This ranks 24th in the world.
Cite this page
@misc{historysaid_canada_interest-rate-spread,
title = {Canada Interest Rate Spread},
url = {https://historysaid.com/canada/interest-rate-spread/},
publisher = {HistorySaid},
year = {2026}
}