Noel Lenette

Bank Of Canada Interest Rate Dates 2024. It does this by adjusting the target for the overnight rate on eight fixed dates each year. Governor tiff macklem says if the economy continues to improve, canadians can expect more.

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%. The bank of canada cut its key interest rate by 25bps to 4.25% in its september 2024 meeting, as expected, to mark the third consecutive 25bps slash after having left the hiking cycle’s.