Are Interest Rates Going Up In 2024 In Canada. As of april 2024, the prime rate in canada stands at a robust 7.2%, signaling a significant departure. On wednesday, july 24, 2024, the bank of canada will announce its decision on the target for the overnight rate.
Canadian interest rate forecast for 2024: The bank of canada (boc) announced on july 24, 2024 that it would be cutting its overnight lending rate to 4.5%, following a similar.25% cut in june.
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