Interest Rates 2024 Canada Flag. After three consecutive 0.25% rate cuts earlier in 2024, q4 saw the first double rate cut, in october. At the heart of the bank of canada’s monetary policy is the target for the overnight rate.

After holding rates for almost a year, the bank of canada cut twice in q3, for a total of three rate cuts in 2024 thus far. Predictions for tomorrow, next week, month, 2024, 2025 and 2026.