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Government of Canada benchmark bond yield: 2 year

The two-year Government of Canada yield. Fixed mortgage pricing tracks Government of Canada yields, because lenders fund fixed terms in the bond market.

Current value 3.35%
As of 2026-09-16
Series code BD.CDN.2YR.DQ.YLD
Publisher Bank of Canada

This is a published benchmark, not an offer. No lender is obliged to lend at it, and the rate you are offered for a particular loan depends on the lender's assessment of your file, the security pledged and the term. A benchmark is useful because it shows which way the underlying cost of funds is moving and how far a quoted rate sits from it.

The lowest rates are only available to the most qualified applicants.

Source: Bank of Canada, series BD.CDN.2YR.DQ.YLD, as of 2026-09-16. Retrieved 2026-09-17T23:57:00Z.

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Target for the overnight rate Prime rate Canadian Overnight Repo Rate Average (CORRA) Conventional mortgage: 1-year Conventional mortgage: 3-year Conventional mortgage: 5-year Government of Canada benchmark bond yield: 5 year Government of Canada benchmark bond yield: 10 year

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