Bank Of Canada Interest Rate Cuts 2024 Dates. Governor tiff macklem says if the economy continues to improve, canadians can expect more. Bank of canada governor tiff macklem is getting ready for another interest rate announcement next month.
The pace of cuts is faster and deeper than what most economists expect,. The bank of canada today reduced its target for the overnight rate to 3¾%, with the bank rate at 4% and the deposit rate at 3¾%.