Bank Of Canada Rate Cuts 2024. Trims 2024 gdp forecast to 1.2% from 1.5%; The bank of canada today reduced its target for the overnight rate to 4½%, with the bank rate at 4¾% and the deposit rate at 4½%.

This was last inflation data to be released ahead of the bank of canada’s interest rate announcement on dec. 1:23 housing affordability still strained despite improvements in 2024.