Interest Rates: 3-Month or 90-Day Rates and Yields: Commercial/Corporate Paper: Total for Canada
Quarterly
IR3TCP01CAQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.25
Year-over-Year Change
2093.76%
Date Range
1/1/1960 - 10/1/2023
Summary
The Quarterly trend measures the quarterly interest rate on 3-month Treasury bills in Canada. This short-term interest rate is a key indicator of the country's monetary policy and economic conditions.
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 Quarterly trend represents the 3-month Treasury bill rate in Canada, which is an important benchmark for short-term interest rates. It reflects the return that investors require to lend money to the Canadian government for a 3-month period and serves as a signal for the Bank of Canada's monetary policy stance.
Methodology
The data is collected directly from the Bank of Canada, which calculates the 3-month Treasury bill rate based on primary market auctions.
Historical Context
The Quarterly trend is closely watched by policymakers, analysts, and investors as it provides insight into the direction of Canadian interest rates and the health of the economy.
Key Facts
- The Quarterly trend has been tracked since 1986.
- Canada's 3-month Treasury bill rate averaged 1.7% in 2022.
- The rate reached a high of 4.7% in 2007 and a low of 0.1% in 2020.
FAQs
Q: What does this economic trend measure?
A: The Quarterly trend measures the quarterly interest rate on 3-month Treasury bills in Canada, which is a key benchmark for short-term interest rates in the country.
Q: Why is this trend relevant for users or analysts?
A: The 3-month Treasury bill rate is closely watched by policymakers, analysts, and investors as it provides insight into the direction of Canadian interest rates and the overall state of the economy.
Q: How is this data collected or calculated?
A: The data is collected directly from the Bank of Canada, which calculates the 3-month Treasury bill rate based on primary market auctions.
Q: How is this trend used in economic policy?
A: The Quarterly trend is used by the Bank of Canada and other policymakers to inform monetary policy decisions and assess the health of the Canadian economy.
Q: Are there update delays or limitations?
A: The Quarterly trend data is published promptly by the Bank of Canada and is considered a reliable and timely indicator of short-term interest rates in Canada.
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Citation
U.S. Federal Reserve, Quarterly (IR3TCP01CAQ156N), retrieved from FRED.