Bank Of Canada Interest Rate Changes 2024 . The bank of canada today reduced its target for the overnight rate to 3¾%, with the bank rate at 4% and the deposit rate at 3¾%. The bank is continuing its policy of balance sheet normalization.
Experts had been predicting a 0.25% cut, but some are now leaning more toward a 0.50% cut after canada’s. The bank rate is now 3.75 per cent, while the deposit rate is.
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