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Table 34 Interest rates and exchange rates1

  2006 2007 2007 2008
    M A M J J A S O N D J F M A M J J A S O
                                           
Interest rates                                            
Bank rate2 (122530) 4.31 4.60 4.50 4.50 4.50 4.50 4.75 4.75 4.75 4.75 4.75 4.50 4.25 4.25 3.75 3.25 3.25 3.25 3.25 3.25 3.25 2.50
Prime rate (122495) 5.81 6.10 6.00 6.00 6.00 6.00 6.25 6.25 6.25 6.25 6.25 6.00 5.75 5.75 5.25 4.75 4.75 4.75 4.75 4.75 4.75 4.00
90-day treasury bills (122484) 4.02 4.17 4.18 4.17 4.20 4.38 4.54 4.31 4.09 3.99 3.97 3.87 3.60 3.28 2.48 2.39 2.72 2.76 2.42 2.49 2.15 1.93
90-day commercial paper (122491) 4.20 4.63 4.35 4.35 4.43 4.58 4.70 5.09 5.03 4.70 4.84 4.80 3.95 3.84 3.57 3.25 3.11 3.21 3.27 3.25 3.45 2.95
Conventional mortgages                                            
    1-year (122520)
 6.28 6.90 6.40 6.60 6.85 7.05 7.05 7.05 7.05 7.25 7.20 7.35 7.35 7.25 7.15 6.95 6.15 6.95 6.95 6.65 6.65 6.35
    5-year (122521)
 6.66 7.07 6.49 6.64 7.14 7.24 7.24 7.24 7.19 7.44 7.39 7.54 7.39 7.29 7.19 6.99 6.65 7.15 7.15 6.85 6.85 7.20
Long-term Canada bonds (122487) 4.30 4.34 4.21 4.21 4.43 4.59 4.52 4.44 4.50 4.39 4.22 4.18 4.17 4.14 3.91 4.02 4.07 4.07 4.18 4.02 4.14 4.31
                                           
Exchange rates1                                            
US dollar (37426) 1.134 1.074 1.168 1.134 1.095 1.065 1.050 1.058 1.025 0.975 0.967 1.003 1.011 0.999 1.002 1.014 0.999 1.017 1.013 1.054 1.058 1.185
    reciprocal (1/37426)
 0.882 0.931 0.856 0.882 0.913 0.939 0.952 0.945 0.975 1.025 1.034 0.997 0.989 1.001 0.998 0.986 1.001 0.984 0.987 0.948 0.945 0.844
British pound (37430) 2.090 2.148 2.275 2.256 2.173 2.116 2.138 2.127 2.070 1.994 2.002 2.024 1.991 1.962 2.006 2.009 1.965 1.999 2.014 1.985 1.901 1.994
Euro (121742) 1.424 1.469 1.547 1.533 1.480 1.429 1.442 1.441 1.427 1.388 1.420 1.461 1.488 1.474 1.556 1.597 1.555 1.582 1.595 1.573 1.517 1.569
Japanese yen ('000) (37456) 9.75 9.12 9.96 9.54 9.07 8.68 8.65 9.07 8.92 8.42 8.71 8.93 9.39 9.33 9.94 9.88 9.58 9.51 9.47 9.64 9.93 11.87
CERI index3 (41498903) 107.88 113.13 104.06 106.88 110.85 114.05 115.19 114.36 117.51 123.33 123.93 119.67 118.30 119.44 117.90 116.50 118.43 116.46 116.64 113.03 113.07 102.42

1 Canadian dollars per unit.
2 Last Wednesday of the month.
3 Canadian dollar effective exchange rate index (CERI) (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 and 176-0067