2024 Interest Rates Canada Chart. Which bank has the highest rate for a gic? 26 rows in depth view into canada prime rate including historical data from 1975 to 2024, charts and stats.
As excess supply builds, a fall in inflation to the 2% target will leave scope for the bank of canada to cut interest rates sharply, from the current 5.0% to 3.5% by the. Expect prime rate at 6.2% by the end of 2024 and 5.45% by the end of 2025.