Historical Year Data · 2025

Canada Overnight Rate Target in 2025

Canada Overnight Rate Target opened 2025 at 3.25% and closed at 2.25%, a -30.77% move for the year. The high of 3.25% was reached on January 1, and the low of 2.25% on October 30.

Open

3.25%

2025-01

2.25%

258 data points

High

3.25%

Jan 1

Low

2.25%

Oct 30

Full Year Change

-30.77%

2024 Change

-35.00%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	3.25%	3.00%	3.25%	3.00%	-7.69%
Feb	3.00%	3.00%	3.00%	3.00%	+0.00%
Mar	3.00%	2.75%	3.00%	2.75%	-8.33%
Apr	2.75%	2.75%	2.75%	2.75%	+0.00%
May	2.75%	2.75%	2.75%	2.75%	+0.00%
Jun	2.75%	2.75%	2.75%	2.75%	+0.00%
Jul	2.75%	2.75%	2.75%	2.75%	+0.00%
Aug	2.75%	2.75%	2.75%	2.75%	+0.00%
Sep	2.75%	2.50%	2.75%	2.50%	-9.09%
Oct	2.50%	2.25%	2.50%	2.25%	-10.00%
Nov	2.25%	2.25%	2.25%	2.25%	+0.00%
Dec	2.25%	2.25%	2.25%	2.25%	+0.00%

Events During 2025

2025 US Tariff Shock

Stagflation

February – April 2025

The Trump administration imposed reciprocal tariffs averaging 25% on most trading partners in February-April 2025. Markets priced the most aggressive trade policy shift since 1930, with ripple effects across currencies, bond yields, and supply chains.

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