Canada Interest Rate 2024 Prediction. Most bank prime rates will fall to 6.70% (not including lender variable. The bank of canada, while not formally announcing interest rate cuts yet, has historically followed the fed’s lead.
This tool analyzes canadian interest rate expectations using the implied 3m cdor (canadian dollar offered rate). On tuesday morning, statistics canada published the july consumer price index, showing that inflation had decelerated to 2.5%, down from 2.7% in june.
