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 August 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
1.49
10Y Percentile
—
3M Change
+0.0%
Canada Target Overnight Rate (BOC_V39079) — 4514 observations from 2009-04-21 to 2026-08-27. Source: FRED, Federal Reserve Bank of St. Louis. Red shading indicates NBER recession periods.
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Revisions
None. Across the 12 most recent prints held in the vintage archive, Canada Target Overnight Rate was published once each and never restated. Market series behave this way; survey and sample-based statistics generally do not. How this is computed.
Macro Regime Context
The financial-conditions regime is currently neutral (63% 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 August 2026).