Interest Rates: 3-Month or 90-Day Rates and Yields: Commercial/Corporate Paper: Total for Canada
IR3TCP01CAM156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.19
Year-over-Year Change
13.97%
Date Range
1/1/1960 - 12/1/2023
Summary
This economic trend measures the 3-month or 90-day interest rates and yields on commercial/corporate paper in Canada. It provides insights into short-term financing costs and lending conditions in the Canadian economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Interest Rates: 3-Month or 90-Day Rates and Yields: Commercial/Corporate Paper: Total for Canada series tracks the market-determined interest rates for short-term unsecured debt instruments issued by corporations in Canada. This metric is closely watched by economists and policymakers as an indicator of credit market conditions and lending activity.
Methodology
The data is collected and calculated by the Bank of Canada based on market transactions.
Historical Context
Analysts and policymakers use this trend to assess the overall health of the Canadian credit markets and make informed decisions.
Key Facts
- The series dates back to January 1986.
- Rates are reported as a percentage per annum.
- Commercial paper is a type of short-term unsecured debt instrument.
FAQs
Q: What does this economic trend measure?
A: This trend measures the 3-month or 90-day interest rates and yields on commercial/corporate paper in Canada. It provides insights into short-term financing costs and lending conditions in the Canadian economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists and policymakers as an indicator of credit market conditions and lending activity in Canada.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Bank of Canada based on market transactions.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this trend to assess the overall health of the Canadian credit markets and make informed decisions.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Bank of Canada with no significant delays.
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Citation
U.S. Federal Reserve, Interest Rates: 3-Month or 90-Day Rates and Yields: Commercial/Corporate Paper: Total for Canada (IR3TCP01CAM156N), retrieved from FRED.