Canada: economic data
In Canada, the Government of Canada 10-year benchmark bond yield rose to 3.88% in September 2026 from 3.22% in September 2025, the most unusual change over the year among the indicators on this page. The Government of Canada 2-year benchmark bond yield rose to 3.27% in September 2026 from 2.51% in September 2025. Source: Bank of Canada.
- Government of Canada 2…: up 0.31 pp on August 2026, to 3.27%
- Government of Canada 1…: up 0.21 pp on August 2026, to 3.88%
- Household credit marke…: down 2.18 pp on Q1 2026, to 176.37%
Sparklines: the last ten years. Each figure links to its indicator page below.
Key figures
Of the 7 headline indicators, 4 were higher than a year earlier and 3 lower. The largest rise among the rates and ratios was in real GDP growth (quarter on quarter, not annualized), up 1.00 pp to 0.80% in Q2 2026. The largest fall among the rates and ratios was in household credit market debt to disposable income, down 0.97 pp to 176.37% in Q2 2026.
| Indicator | Latest | Period | Change from a year earlier | Source |
|---|---|---|---|---|
| Bank of Canada policy rate (target for the overnight rate) | 2.25% | September 2026 | -0.25 pp | Bank of Canada |
| Government of Canada 2-year benchmark bond yield | 3.27% | September 2026 | +0.76 pp | Bank of Canada |
| Government of Canada 10-year benchmark bond yield | 3.88% | September 2026 | +0.66 pp | Bank of Canada |
| CPI inflation, 12-month change | 3.09% | September 2026 | +0.73 pp | Statistics Canada |
| Real GDP growth (quarter on quarter, not annualized) | 0.80% | Q2 2026 | +1.00 pp | Statistics Canada |
| Unemployment rate | 6.50% | September 2026 | -0.60 pp | Statistics Canada |
| Household credit market debt to disposable income | 176.37% | Q2 2026 | -0.97 pp | Statistics Canada |
Each indicator links to its full history, definition and source. Full publisher names are in the sources section.
Interest rates
Bank of Canada policy rate (target for the overnight rate) was 2.25% in September 2026, down 0.25 pp from September 2025. Over five years it ranged from 0.25% (September 2021) to 5.00% (July 2023). Its ten-year average is 2.04%, so the latest reading is above it. Government of Canada 2-year benchmark bond yield was 3.27% in September 2026, up 0.76 pp from September 2025. Over five years it ranged from 0.44% (September 2021) to 4.79% (September 2023). Over its last 12 readings it moved between 2.42% (October 2025) and 3.27% (September 2026). Its ten-year average is 2.14%, so the latest reading is above it. Government of Canada 10-year benchmark bond yield was 3.88% in September 2026, up 0.66 pp from September 2025. Over five years it ranged from 1.26% (September 2021) to 4.06% (October 2023). Over its last 12 readings it moved between 3.13% (October 2025) and 3.88% (September 2026). Its ten-year average is 2.35%, so the latest reading is above it.
- Bank of Canada policy rate (target for the overnight rate) 2.2%
- Government of Canada 2-year benchmark bond yield 3.3%
- Government of Canada 10-year benchmark bond yield 3.9%
Inflation
CPI inflation, 12-month change was 3.09% in September 2026, up 0.73 pp from September 2025. Over five years it ranged from 1.64% (September 2024) to 8.13% (June 2022). Over its last 12 readings it moved between 1.78% (February 2026) and 3.23% (May 2026). Its ten-year average is 2.75%, so the latest reading is above it.
- CPI inflation, 12-month change 3.1%
Growth
Real GDP growth (quarter on quarter, not annualized) was 0.80% in Q2 2026, up 1.00 pp from Q2 2025. Over five years it ranged from -0.20% (Q2 2025) to 2.00% (Q3 2021). Over its last 12 readings it moved between -0.20% (Q2 2025) and 0.80% (Q2 2024). Its ten-year average is 0.55%, so the latest reading is above it.
- Real GDP growth (quarter on quarter, not annualized) 0.8%
Jobs
Unemployment rate was 6.50% in September 2026, down 0.60 pp from September 2025. Over five years it ranged from 4.80% (July 2022) to 7.10% (August 2025). Over its last 12 readings it moved between 6.40% (July 2026) and 6.90% (October 2025). Its ten-year average is 6.57%, so the latest reading is below it.
- Unemployment rate 6.5%
Household debt
Household credit market debt to disposable income was 176.37% in Q2 2026, down 0.97 pp from Q2 2025. Over five years it ranged from 174.13% (Q3 2024) to 188.22% (Q3 2022). Over its last 12 readings it moved between 174.13% (Q3 2024) and 180.69% (Q3 2023). Its ten-year average is 181.35%, so the latest reading is below it.
- Household credit market debt to disposable income 176%
All Canada indicators
EconoMonitor publishes 13 indicators for Canada from 2 official publishers: Bank of Canada, Statistics Canada. The longest series, CORRA (Canadian Overnight Repo Rate Average), starts in January 2006; the most recent reading is for CORRA (Canadian Overnight Repo Rate Average), September 2026.
Questions and sources
What is the latest Bank of Canada policy rate (target for the overnight rate) in Canada?
2.25% in September 2026, according to Bank of Canada.
What is the latest CPI inflation, 12-month change in Canada?
3.09% in September 2026, according to Statistics Canada.
How often is this page updated?
Each indicator is reloaded after its official release; monthly series monthly, quarterly series quarterly. The date at the top shows the latest data on this page.
Where does the data come from?
Only from the official publishers named in each source line: Bank of Canada, Statistics Canada. Each figure is checked against the downloaded source file before it is shown.
Sources
Bank of Canada Valet API (Bank of Canada). Source: Bank of Canada. Monthly figures are EconoMonitor calculations from the Bank's daily data. This information is available free of charge on bankofcanada.ca. EconoMonitor is not affiliated with or endorsed by the Bank of Canada.
Statistics Canada Web Data Service (Statistics Canada). Source: Statistics Canada, table {table}, {reference_date}. Reproduced and distributed on an "as is" basis with the permission of Statistics Canada. For our calculations: Adapted from Statistics Canada, table {table}, {reference_date}. This does not constitute an endorsement by Statistics Canada of this product.
Data and analysis only, not financial advice. Data publishers do not endorse EconoMonitor. See the disclaimer and methodology.