Rate Cuts 2024 Canada. Big six banks see at least two more canada rate cuts in 2024. The bank of canada today reduced its target for the overnight rate to 4½%, with the bank rate at 4¾% and the deposit rate at 4½%.
How the bank of canada’s second consecutive rate cut will impact canadians, and what to know whether you’re a borrower, investor or saver. The bank of canada on wednesday trimmed its key interest rate by 25 basis points for the second month in a row, bringing it to 4.5%, and said more reductions in.