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Key Facts

Page
Risk Free Rate
Section
API Data Docs
Canonical URL
https://fxmacrodata.com/api-data-docs/cad/risk_free_rate
Source
Bank of Canada
Last Updated
2026-04-06

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What Changed

Latest change vs prior release: 0.0000 (0.00%)

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Taux sans risque (CAD)

Taux de prêt interbancaire au jour le jour.

Latest reading: 2.26 Percent (CORRA) · Last updated: · Source: Bank of Canada

Category: Monetary Policy

API Endpoint

/api/v1/announcements/cad/risk_free_rate

Use the production OpenAPI schema for the authoritative REST route metadata.

https://fxmacrodata.com/api/openapi.json

Browse the full endpoint reference

Compare Taux sans risque across all supported currencies →

Optional Indicator Availability (CAD)

Optional indicators use per-currency fetcher capability checks and may be temporarily hidden while source coverage is being remediated.

foreign_reserves
Unavailable Temporarily hidden for this currency in the API catalogue.
cb_assets
Unavailable Temporarily hidden for this currency in the API catalogue.
inflation_mom
Available

About Taux sans risque (CAD)

The risk-free rate for Canada is typically proxied by the shortest-maturity government bond yield or the central bank's overnight policy rate. It is the baseline discount rate for all Canada asset valuations.

Why FX traders watch it

All asset prices in Canada are discounted against the risk-free rate. Rising risk-free rates lift the cost of capital, dampen equity valuations, and typically attract foreign capital to cad-denominated bonds.

How to interpret the data

Rising risk-free rates relative to global peers support the cad via carry and capital flow channels. Falling rates signal monetary easing expectations and are typically cad-negative.

Historical Taux sans risque (CAD)

Source: Bank of Canada  ·  Daily  ·  Percent (CORRA)

Data provided by FXMacroData via the /api/v1/announcements/cad/risk_free_rate endpoint. For access, see pricing.

Data Source

Primary Source

Bank of Canada

Official Series ID

V122530

Data Format and Properties

Data Frequency

Daily

Unit of Measure

Percent (CORRA)

JSON Response Structure

The endpoint returns a chronological list of observations in JSON format. 

{
    "currency": "CAD",
    "indicator": "risk_free_rate",
    "has_official_forecast": false,
    "start_date": "2023-01-01",
    "end_date": "2023-12-31",
    "data": [
        {
            "date": "2024-07-01",
            "val": 4.2,
            "announcement_datetime": 1722456000
        }
    ]
}

Request Parameters & Usage

Parameter Required Format Description
start_date NO YYYY-MM-DD Optional lower bound for the requested history.
end_date NO YYYY-MM-DD Optional upper bound. Defaults to the current date.
api_key CONDITIONAL string Required for non-USD announcement requests. USD announcement requests are public without an API key.

Example Usage

To retrieve Taux sans risque data for CAD from 2023: 

GET https://fxmacrodata.com/api/v1/announcements/cad/risk_free_rate?start_date=2023-01-01&end_date=2023-12-31&api_key=YOUR_API_KEY

Frequently Asked Questions

How often is Canada Risk Free Rate updated?
Risk Free Rate for Canada is released on a daily schedule by Bank of Canada (or the relevant national statistics agency). FXMacroData ingests each new value within seconds of the official publication and exposes the exact announcement timestamp on every record.
What unit is Risk Free Rate reported in?
The series is published in Percent (CORRA). The exact unit is also returned on every API response under the indicator metadata.
Where does FXMacroData source Canada Risk Free Rate data?
Data is fetched directly from Bank of Canada or the official national statistics publication for Canada. The source URL is preserved on every announcement record so downstream consumers can trace the value back to its primary release.
How do I query Risk Free Rate for Canada via the API?
Issue a GET request to /api/v1/announcements/cad/risk_free_rate?api_key=YOUR_API_KEY. The response contains a chronological list of observations with values, release dates, and announcement timestamps. USD announcement data is public; other currencies require a Professional API key.

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