{
  "generated": "2026-08-04",
  "dataSource": "Banque du Canada / Bank of Canada",
  "dataSourceUrl": "https://www.bankofcanada.ca/valet/",
  "dataTerms": "https://www.bankofcanada.ca/terms/",
  "compiledBy": "Payotte — https://payotte.com",
  "attribution": "Rate data © Bank of Canada (Valet API), used under the Bank of Canada terms of use; compiled and formatted by Payotte (https://payotte.com). Not covered by Payotte's CC BY licence.",
  "documentation": "https://payotte.com/llms.txt",
  "description": "Current Canadian reference interest rates from the Bank of Canada: policy (overnight target) rate, prime rate, and system-average mortgage rates. Mortgage figures are financial-system averages, not a lender offer. Each rate carries its own observation date; missing values are null, never fabricated.",
  "note": "Market reference rates published by the Bank of Canada. Mortgage figures are financial-system averages, not an offer: your rate will depend on your file and lender.",
  "fetched": "2026-07-27",
  "rates": {
    "policyRate": {
      "label_fr": "Taux directeur (cible du financement à un jour)",
      "label_en": "Policy interest rate (target overnight rate)",
      "series": "V39079",
      "percent": 2.25,
      "observed": "2026-07-24"
    },
    "primeRate": {
      "label_fr": "Taux préférentiel",
      "label_en": "Prime rate",
      "series": "V80691311",
      "percent": 4.45,
      "observed": "2026-07-22"
    },
    "mortgage5yrFixed": {
      "label_fr": "Hypothèque fixe 5 ans et plus (non assurée, réf. marché)",
      "label_en": "Fixed mortgage 5 years and over (uninsured, market reference)",
      "series": "V122667786",
      "percent": 4.34,
      "observed": "2026-05-01"
    },
    "mortgageVariable": {
      "label_fr": "Hypothèque à taux variable (non assurée, réf. marché)",
      "label_en": "Variable-rate mortgage (uninsured, market reference)",
      "series": "V122667782",
      "percent": 3.89,
      "observed": "2026-05-01"
    }
  },
  "lastChange": {
    "date": "2025-10-30",
    "percent": 2.25
  },
  "rateDecisions": [
    {
      "date": "2026-07-15",
      "percent": 2.25,
      "deltaBps": 0,
      "status": "hold",
      "mpr": true
    },
    {
      "date": "2026-06-10",
      "percent": 2.25,
      "deltaBps": 0,
      "status": "hold",
      "mpr": false
    },
    {
      "date": "2026-04-29",
      "percent": 2.25,
      "deltaBps": 0,
      "status": "hold",
      "mpr": true
    },
    {
      "date": "2026-03-18",
      "percent": 2.25,
      "deltaBps": 0,
      "status": "hold",
      "mpr": false
    },
    {
      "date": "2026-01-28",
      "percent": 2.25,
      "deltaBps": 0,
      "status": "hold",
      "mpr": true
    },
    {
      "date": "2025-10-30",
      "percent": 2.25,
      "deltaBps": -25,
      "status": "cut",
      "mpr": false
    },
    {
      "date": "2025-09-18",
      "percent": 2.5,
      "deltaBps": -25,
      "status": "cut",
      "mpr": false
    },
    {
      "date": "2025-03-13",
      "percent": 2.75,
      "deltaBps": -25,
      "status": "cut",
      "mpr": false
    },
    {
      "date": "2025-01-30",
      "percent": 3,
      "deltaBps": -25,
      "status": "cut",
      "mpr": false
    },
    {
      "date": "2024-12-12",
      "percent": 3.25,
      "deltaBps": -50,
      "status": "cut",
      "mpr": false
    },
    {
      "date": "2024-10-24",
      "percent": 3.75,
      "deltaBps": -50,
      "status": "cut",
      "mpr": false
    },
    {
      "date": "2024-09-05",
      "percent": 4.25,
      "deltaBps": -25,
      "status": "cut",
      "mpr": false
    },
    {
      "date": "2024-07-25",
      "percent": 4.5,
      "deltaBps": -25,
      "status": "cut",
      "mpr": false
    },
    {
      "date": "2024-06-06",
      "percent": 4.75,
      "deltaBps": -25,
      "status": "cut",
      "mpr": false
    },
    {
      "date": "2023-07-13",
      "percent": 5,
      "deltaBps": 25,
      "status": "hike",
      "mpr": false
    },
    {
      "date": "2023-06-08",
      "percent": 4.75,
      "deltaBps": 25,
      "status": "hike",
      "mpr": false
    },
    {
      "date": "2023-01-26",
      "percent": 4.5,
      "deltaBps": 25,
      "status": "hike",
      "mpr": false
    },
    {
      "date": "2022-12-08",
      "percent": 4.25,
      "deltaBps": 50,
      "status": "hike",
      "mpr": false
    },
    {
      "date": "2022-10-27",
      "percent": 3.75,
      "deltaBps": 50,
      "status": "hike",
      "mpr": false
    },
    {
      "date": "2022-09-08",
      "percent": 3.25,
      "deltaBps": 75,
      "status": "hike",
      "mpr": false
    },
    {
      "date": "2022-07-14",
      "percent": 2.5,
      "deltaBps": 100,
      "status": "hike",
      "mpr": false
    },
    {
      "date": "2022-06-02",
      "percent": 1.5,
      "deltaBps": 50,
      "status": "hike",
      "mpr": false
    },
    {
      "date": "2022-04-14",
      "percent": 1,
      "deltaBps": 50,
      "status": "hike",
      "mpr": false
    },
    {
      "date": "2022-03-03",
      "percent": 0.5,
      "deltaBps": 25,
      "status": "hike",
      "mpr": false
    },
    {
      "date": "2022-01-04",
      "percent": 0.25,
      "deltaBps": null,
      "status": "start",
      "mpr": false
    }
  ],
  "upcomingDecisions": [
    {
      "date": "2026-09-02",
      "mpr": false
    },
    {
      "date": "2026-10-28",
      "mpr": true
    },
    {
      "date": "2026-12-09",
      "mpr": false
    }
  ]
}