Will Interest Rates Go Down In 2024 Canada. We think the bank of canada will cut rates by 50 basis points in q3 of 2024 and. On december 11, the central bank will make its final rate announcement for 2024, and most economists are expecting another cut.

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. “i hate to break it to you, but we don’t expect cuts in canada until q3,” says freestone.