Will Interest Rates Be Cut In 2024 Canada. Canadians work hard to be able to afford a home. 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%.
For the many people outside of the us invested in the us stock market, a cut is also likely good news. 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%.