Rate Cuts 2024 Canada. The bank of canada cut its key interest rate to 4.5 per cent on wednesday, with governor tiff macklem saying during a news conference that it would be reasonable. Trims 2024 gdp forecast to 1.2% from 1.5%.

September 04, 2024 at 9:45am edt. The bank of canada trimmed its key policy rate on wednesday, the first g7 country to do so, in a widely expected move that will ease pressure on highly indebted.