Canada Target Overnight Rate
Target for the overnight rate (V39079), the Bank of Canada's own policy interest rate — the average rate it wants to see in the overnight money market. This series id begins 2009-04-21, a recent-history convenience series shorter than the target-rate policy itself, which has been in force since 1994.
2.25
Percent
Canada Target Overnight Rate — latest reading: 2.25 percent. As of October 2026, it is unchanged over the past 12 months. Source: BOC_V39079, Bank of Canada, published daily. Reported as published, without transformation; the publisher may revise it.
Min
0.25
Max
5.00
Average
1.50
10Y Percentile
—
3M Change
+0.0%
Canada Target Overnight Rate (BOC_V39079) — 4548 observations from 2009-04-21 to 2026-10-14. Source: FRED, Federal Reserve Bank of St. Louis. Red shading indicates NBER recession periods.
Compare Canada Target Overnight Rate with other indicators →
How these numbers changed
Every figure above is the current one. These are the same periods as first published — what Canada Target Overnight Rate said on the day, before it was restated. Measured in Percent.
| Period | First print | Now | Change | Republished |
|---|---|---|---|---|
| Oct 2026 | 2.25 | 2.25 | 0 | 1× |
| Oct 2026 | 2.25 | 2.25 | 0 | 3× |
| Oct 2026 | 2.25 | 2.25 | 0 | 4× |
| Oct 2026 | 2.25 | 2.25 | 0 | 4× |
| Oct 2026 | 2.25 | 2.25 | 0 | 5× |
| Oct 2026 | 2.25 | 2.25 | 0 | 6× |
| Oct 2026 | 2.25 | 2.25 | 0 | 7× |
| Oct 2026 | 2.25 | 2.25 | 0 | 8× |
| Oct 2026 | 2.25 | 2.25 | 0 | 11× |
| Sep 2026 | 2.25 | 2.25 | 0 | 12× |
| Sep 2026 | 2.25 | 2.25 | 0 | 13× |
Canada Target Overnight Rate for October 2026 first printed at 2.25 on October 15, 2026, was revised once, and now reads back to 2.25. Recompute any row from FRED's own vintage archive.
Macro Regime Context
The financial-conditions regime is currently neutral (97% confidence).
See what this means across all four regime dimensions →3-Month
+0.0%
6-Month
+0.0%
12-Month
+0.0%
What this means
Canada Target Overnight Rate is currently at 2.25 percent. The trend is stable (+0.0% over the past 3 months).
Over the past 6 months the change is +0.0%, and over 12 months it is +0.0%. The short-term pace is consistent with the longer trend.
Cite this page
MacroRadar, "Canada Target Overnight Rate," https://www.macroradar.io/canada-overnight-rate-target (as of October 2026).