Oil Sands Operations – Interest Rates

Interest payable to or from the Crown is based on the Alberta Treasury Branch’s prime lending rate plus one percent in effect on the first day of the month.  The interest rate table on this page identifies the interest rates in effect to be used as per section 45 of the Oil Sands Royalty Regulation, 2009 (A.R. 223/2008).

 

Month 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
January 1 3.70 3.70 4.00 4.00 4.00 4.00 4.00 3.25 4.50 7.00 7.00 6.00
February 1 3.70 3.70 3.85 4.00 4.00 4.00 4.00 3.25 4.00 6.75 7.00 6.25
March 1 3.70 3.70 3.85 4.00 4.00 4.00 4.00 3.25 4.00 6.75 7.00 6.25
April 1 3.70 3.85 4.00 4.00 4.00 4.00 3.25 3.50 6.25 7.00 6.50
May 1 3.70 3.85 4.00 4.00 4.00 4.00 3.25 3.25 5.75 7.00 6.75
June 1 3.70 3.85 4.00 4.00 4.00 4.00 3.25 3.25 5.75 7.00 7.00
July 1 3.70 3.85 4.00 4.00 4.00 4.00 3.50 3.25 5.75 7.00 7.00
August 1 3.70 3.70 4.00 4.00 4.00 4.00 3.75 3.25 5.75 7.25 7.00
September 1 3.70 3.70 4.00 4.00 4.00 4.00 3.75 3.25 5.75 7.25 7.00
October 1 3.70 3.70 4.00 4.00 4.00 4.00 4.00 3.25 5.75 7.25 7.00
November 1 3.70 3.70 4.00 4.00 4.00 4.00 4.00 3.25 5.00 7.25 7.00
December 1 3.70 3.70 4.00 4.00 4.00 4.00 4.00 3.25 5.00 7.25 7.00

Source: Alberta Treasury Branch (ATB) Financial (Prime +1%) http://www.atb.com/rates/Pages/default.aspx