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Interest Rates

This table lists the interest rates applicable on outstanding debts, for the previous six years plus the current year. The interest rate payable is set every January 1 and July 1 at the prime lending rate given to the province plus 4 per cent.

Effective	Interest Rate %
January 1, 2012 to June 30, 2012	7.00
July 1, 2011 to December 31, 2011	7.00
January 1, 2011 to June 30, 2011	7.00
July 1, 2010 to December 31, 2010	6.50
January 1, 2010 to June 30, 2010	6.25
July 1, 2009 to December 31, 2009	6.25
January 1, 2009 to June 30, 2009	7.50
July 1, 2008 to December 31, 2008	8.75
January 1, 2008 to June 30, 2008	10.00
July 1, 2007 to December 31, 2007	10.00
January 1, 2007 to June 30, 2007	10.00
July 1, 2006 to December 31, 2006	10.00
January 1, 2006 to June 30, 2006	9.00
July 1, 2005 to December 31, 2005	8.25
January 1, 2005 to June 30, 2005	8.25
July 1, 2004 to December 31, 2004	7.75
January 1, 2004 to June 30, 2004	8.50

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