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Table 34. Interest Rates and Exchange Rates(1)

    2001 2002 2001 2002 2003
      S O N D J F M A M J J A S O N D J F M A
                                             
Interest rates                                              
Bank rate(2) 122530 4.31 2.71 3.75 3.00 2.50 2.50 2.25 2.25 2.25 2.50 2.50 2.75 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.25 3.50
Prime rate 122495 5.81 4.21 5.25 4.50 4.00 4.00 3.75 3.75 3.75 4.00 4.00 4.25 4.50 4.50 4.50 4.50 4.50 4.50 4.50 4.50 4.75 5.00
90-day treasury bills 122484 3.85 2.55 3.19 2.75 2.24 2.02 1.93 2.04 2.25 2.39 2.54 2.70 2.81 2.91 2.83 2.81 2.73 2.70 2.75 2.84 3.07 3.22
90-day commercial paper 122491 3.87 2.66 3.19 2.45 2.17 2.08 2.07 2.16 2.36 2.46 2.68 2.78 2.88 3.09 2.90 2.83 2.85 2.83 2.91 2.97 3.28 3.35
Conventional mortgages                                              
    1-year
 122520 6.14 5.17 5.45 4.90 4.60 4.60 4.55 4.55 5.30 5.40 5.55 5.55 5.35 5.35 5.30 5.30 4.90 4.90 4.90 4.90 5.35 5.35
    5-year
 122521 7.40 7.02 7.15 6.90 6.85 6.85 7.00 6.85 7.30 7.45 7.40 7.25 7.05 6.80 6.70 7.00 6.70 6.70 6.45 6.60 6.85 6.65
Long-term Canada bonds 122487 5.78 5.66 5.86 5.32 5.66 5.75 5.72 5.68 6.00 5.89 5.76 5.73 5.70 5.55 5.38 5.61 5.55 5.37 5.45 5.39 5.52 5.34
                                             
Exchange rates(1)                                              
US dollar 37426 1.549 1.570 1.568 1.571 1.592 1.577 1.600 1.596 1.587 1.581 1.550 1.532 1.546 1.568 1.576 1.578 1.571 1.559 1.541 1.512 1.476 1.458
    reciprocal
 (1/37426) 0.646 0.637 0.638 0.636 0.628 0.634 0.625 0.627 0.630 0.632 0.645 0.653 0.647 0.638 0.635 0.634 0.636 0.641 0.649 0.661 0.678 0.686
British pound 37430 2.231 2.359 2.296 2.279 2.285 2.273 2.293 2.271 2.258 2.282 2.262 2.273 2.406 2.408 2.453 2.458 2.468 2.473 2.492 2.431 2.336 2.296
French franc 37453 0.211   0.218 0.217 0.216 0.214                                
German mark 37454 0.709   0.731 0.727 0.723 0.719                                
Japanese yen ('000) 37456 12.75 12.56 13.22 12.94 13.00 12.38 12.06 11.95 12.12 12.09 12.27 12.43 13.11 13.18 13.02 12.73 12.92 12.79 12.97 12.67 12.44 12.16
C-6 index(3) 37451 80.21 78.87 79.01 78.98 78.08 78.95 78.05 78.38 78.69 78.89 80.15 80.73 79.53 78.54 78.18 78.17 78.29 78.80 79.37 80.83 82.83 83.84

(1) Canadian dollars per unit.
(2) Last Wednesday of the month.
(3) 1992=100. A rise in the index indicates an increase in the Canadian dollar.
Source: Bank of Canada, Public Information Service (1-800-303-1282).
CANSIM tables: 176-0043, 176-0064