Interest Rates 2024 Canada 2024. 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%. The reit is on the mend, now up around 12% in the past three months in anticipation of lower interest rates.
With lower spending comes a slowing economy, lower inflation, and lower mortgage interest rates. The canada revenue agency (cra) announced today the prescribed annual interest rates that will apply to any amounts owed to the cra and to any amounts owed.