Rate Cuts 2024 Canada 2024

Rate Cuts 2024 Canada 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. The bank of canada cut its benchmark interest rate by 0.25% to 4.75% in its june 5, 2024 announcement.


Rate Cuts 2024 Canada 2024

Cibc is predicting that the bank of canada (boc) could introduce jumbo rate cuts as early as december, potentially slashing interest rates by 50 basis points at a time. On september 6, 2024, the bank of canada cuts its overnight lending rate for the third consecutive time, to 4.25%.

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