Bank interest expenses reached CAD 87,281 mil in 2020 in Canada, according to the National Central Bank. This is 14.9% less than in the previous year.
Historically, bank interest expenses in Canada reached an all time high of CAD 102,584 mil in 2019 and an all time low of CAD 34,924 mil in 2004.
Canada has been ranked 24th within the group of 70 countries we follow in terms of bank interest expenses.
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