Nterest Rates 2024 Canada. Will interest rates see relief in 2024? Check our interactive graph to find out about prime rates in canada from 1935 to august 2024 and our prediction for its future moves.

Rent costs rose by 8.5 per cent year over year, while mortgage interest was 21 per cent higher amid the hikes in interest rates that began in early 2022. The bank of canada cut its key interest rate by 25bps to 4.5% in its july 2024 meeting, as expected by a portion of the market, extending the central bank’s.