Currency Exchange Rates
The exchange rates listed here are base rates. The rate you receive at a financial institution will vary from these base rates.
- When buying US dollars (converting Canadian to US) you will pay more in Canadian dollars than the posted rate
- When selling US dollars (converting US to Canadian) will receive less in Canadian dollars than the posted rate
The difference between the posted rate and the actual transaction amounts is referred to as the spread. This spread can vary widely from one financial institution to another and can also vary with the amount of currency being converted from one denomination to another. Larger transactions typically have narrow spreads (closer to the posted rate) than smaller transactions.
In reality, the spread is the fee the financial institution charges you for the transaction and is a source of revenue for them.
Key Interest rates
|Target overnight rate||__rate211||__rate212|
|Prime lending rate||__rate311||__rate312|
|5 year conventional mortgage*||__rate321||__rate322|
*The rate used to determine whether you qualify for a mortgage will be the greater of:
- this rate or
- the rate offered by your financial institution plus 2%
Selected Government of Canada Bonds
Annual Inflation Rate
|Consumer Price Index||__rate511||__rate512|