Rate Cuts 2024 Canada Government. The bank of canada today reduced its target for the overnight rate to 4¾%, with the bank rate at 5% and the deposit rate at 4¾%. The global economy is expected to continue expanding at.
Inflation has allegedly slowed to 2.5% as of july, and governor tiff macklem said that was reason enough to drop rates to attract investment. — the 2024 budget released on tuesday reveals that the second phase will rely on historical rates of natural attrition to decrease the public service by 5,000 full.