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Rate Cuts 2024 Canada
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Rate Cuts 2024 Canada. On september 6, 2024, the bank of canada cuts its overnight lending rate for the third consecutive time, to 4.25%. Expectations for how quickly the bank of canada could cut interest rates have been accelerating in recent months.
The bank of canada has cut its policy interest rate for a third consecutive time. The bank of canada today reduced its target for the overnight rate to 4ยฝ%, with the bank rate at 4ยพ% and the deposit rate at 4ยฝ%.