Interest Rates 2024 Canada. When will interest rates in canada go down in 2024? It does this by adjusting the target for the overnight rate on eight fixed dates each year.
A range of predictions from the big 6 banks in canada so far indicate that interest rates should start to decrease by 25 basis points and close out the year with a decrease of around 75 to 100 basis points. August 27, 2024 at 9:37 pm edt.