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Table 34. INTEREST RATES and exchange rates

Annual average Bank rate Prime rate 90-day Treasury bills 90-day commercial paper Conventional mortgage rate Long-term Canada bond rate (over 10 years)
        1-year 5-year  
122530 122495 122484 122491 122520 122521 122487
1935 2.50 5.50 .. .. .. .. ..
1936 2.50 5.21 .. .. .. .. 2.97
1937 2.50 5.00 .. .. .. .. 3.17
1938 2.50 5.00 .. .. .. .. 3.09
1939 2.50 5.00 .. .. .. .. 3.16
1940 2.50 5.00 .. .. .. .. 3.28
1941 2.50 5.00 .. .. .. .. 3.10
1942 2.50 5.00 .. .. .. .. 3.06
1943 2.50 5.00 .. .. .. .. 3.01
1944 1.58 4.92 .. .. .. .. 3.00
1945 1.50 4.50 .. .. .. .. 2.93
1946 1.50 4.50 0.39 .. .. .. 2.61
1947 1.50 4.50 0.41 .. .. .. 2.57
1948 1.50 4.50 0.41 .. .. .. 2.93
1949 1.50 4.50 0.48 .. .. .. 2.87
1950 1.62 4.50 0.55 .. .. .. 2.86
1951 2.00 4.50 0.79 .. .. .. 3.23
1952 2.00 4.50 1.07 .. .. .. 3.56
1953 2.00 4.50 1.69 .. .. .. 3.70
1954 2.00 4.50 1.47 .. .. .. 3.18
1955 1.90 4.50 1.55 .. .. .. 3.14
1956 3.15 5.04 2.90 3.73 .. .. 3.62
1957 4.02 5.58 3.78 5.26 .. .. 4.11
1958 2.50 5.27 2.29 3.16 .. .. 4.15
1959 5.13 5.65 4.80 5.18 .. .. 5.08
1960 3.54 5.75 3.32 4.00 .. .. 5.18
1961 3.06 5.60 2.83 3.37 .. .. 5.05
1962 4.48 5.71 4.01 4.38 .. .. 5.11
1963 3.88 5.75 3.57 4.01 .. .. 5.09
1964 4.04 5.75 3.74 4.20 .. .. 5.18
1965 4.29 5.77 3.97 5.02 .. .. 5.21
1966 5.17 6.00 5.00 6.27 .. .. 5.69
1967 4.98 5.92 4.59 5.85 .. .. 5.94
1968 6.79 6.92 6.24 6.82 .. .. 6.75
1969 7.46 7.96 7.15 7.85 .. .. 7.58
1970 7.12 8.17 6.12 7.34 .. .. 7.91
1971 5.19 6.48 3.62 4.51 .. .. 6.95
1972 4.75 6.00 3.55 5.10 .. .. 7.23
1973 6.12 7.65 5.39 7.45 .. 9.56 7.56
1974 8.50 10.75 7.78 10.51 .. 11.23 8.90
1975 8.50 9.42 7.37 7.94 .. 11.38 9.04
1976 9.29 10.04 8.89 9.17 .. 11.75 9.18
1977 7.71 8.50 7.35 7.48 .. 10.29 8.70
1978 8.98 9.69 8.58 8.83 .. 10.54 9.27
1979 12.10 12.90 11.57 12.07 .. 12.19 10.21
1980 12.89 14.25 12.68 13.15 13.98 14.52 12.48
1981 17.93 19.29 17.78 18.33 18.12 18.38 15.22
1982 13.96 15.81 13.83 14.15 16.85 18.04 14.26
1983 9.55 11.17 9.32 9.45 10.98 13.23 11.79
1984 11.31 12.06 11.10 11.19 12.00 13.58 12.75
1985 9.65 10.58 9.46 9.56 10.31 12.12 11.04
1986 9.21 10.52 8.99 9.16 10.15 11.21 9.52
1987 8.40 9.52 8.17 8.38 9.85 11.17 9.95
1988 9.69 10.83 9.42 9.67 10.83 11.65 10.22
1989 12.29 13.33 12.02 12.21 12.85 12.06 9.92
1990 13.04 14.06 12.80 13.03 13.40 13.35 10.85
1991 9.03 9.94 8.83 8.91 10.08 11.13 9.76
1992 6.78 7.48 6.51 6.74 7.87 9.51 8.76
1993 5.09 5.94 4.93 4.97 6.91 8.78 7.84
1994 5.77 6.88 5.42 5.66 7.83 9.53 8.63
1995 7.31 8.65 6.98 7.22 8.38 9.16 8.28
1996 4.53 6.06 4.31 4.35 6.19 7.92 7.50
1997 3.52 4.96 3.21 3.61 5.54 7.07 6.42
1998 5.10 6.60 4.74 5.05 6.50 6.93 5.46
1999 4.92 6.44 4.70 4.94 6.80 7.56 5.69
2000 5.77 7.27 5.48 5.71 7.85 8.35 5.89
2001 4.31 5.81 3.85 3.87 6.14 7.40 5.78
2002 2.71 4.21 2.55 2.66 5.17 7.02 5.66
2003 3.19 4.69 2.87 2.94 4.84 6.39 5.28
2004 2.50 4.00 2.23 2.31 4.59 6.23 5.08
2005 2.92 4.42 2.71 2.84 5.06 5.99 4.39
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