Interest Rates 2024 Canada. The bank of canada reduced its policy rate. This page for individuals and businesses contains links to current and historical prescribed annual interest rates that apply to any amounts owed to.

Td economics anticipates a lowering of the policy rate to 2.90% in 2024, with further reductions to 2.05% in 2025, and stabilizing at 2% for 2026 and 2027. By the end of 2024, the rbc interest rates are.