How Many Rate Cuts In 2024 Canada. 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%. Dawn desjardins, senior economist at deloitte canada, talks with financial post’s larysa harapyn about what the latest inflation data means to the bank of canada and interest rates.

The bank of canada has pivoted to easier monetary policy, but economists are split on how many more cuts to expect this year. Federal reserve cut mark turning point for economic narrative