Prime Rate 2024 Canada Graph. Bank lending rate in canada decreased to 6.95 percent in june from 7.20 percent in may of 2024. The graph above shows the mortgage rate history in canada from 1975 to 2024, based on the posted rates by canada’s six major banks and collected by the bank.
The bank of canada today published its 2024 schedule for policy interest rate announcements and the release of the quarterly monetary policy report. Fed officials predicted that they would cut interest rates to 4.4 percent by the end of the year — much lower than the 5.1 percent they had been expecting in june,.
