Interest Rate Cuts 2024 Canada. The bank of canada cut its benchmark interest rate by a quarter of a percentage point on wednesday as the head of the central bank suggests the rate will need to move even. The pace of cuts is faster and deeper than what most economists expect,.
A bloomberg index of treasury returns has seen its 2024 advance shrink to about 0.7% from a peak of 4.6% on sept. The bank of canada today reduced its target for the overnight rate to 3ยพ%, with the bank rate at 4% and the deposit rate at 3ยพ%.
