Canada Bank Interest Rates 2024. The bank of canada will cut its overnight interest rate on wednesday by 25 basis points to 4.50% amid expectations that inflation will continue to fall, according to a. The weekly chartered bank interest rates can now be found on interest rates posted for selected products by the major chartered banks.

Rent costs rose by 8.5 per cent year over year, while mortgage interest was 21 per cent higher amid the hikes in interest rates that began in early 2022. A press release will provide a brief explanation of the.