Canada Bank Interest Rates 2024. Growth rate in june seems to be at 0.1%. The bank of canada cut its key interest rate to 4.5 per cent on wednesday, with governor tiff macklem saying during a news conference that it would be reasonable.
On wednesday, july 24, 2024, the bank of canada will announce its decision on the target for the overnight rate. 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%.