Interest Rates 2024 Graph Canada. The bank of canada cut its key interest rate by 25bps to 4.25% in its september 2024 meeting, as expected, to mark the third consecutive 25bps slash after having left the hiking cycle’s terminal. The prime rate, also known as the prime lending rate, is the annual interest rate canada’s.

The historical rates graph also includes the. After a year of surprising resilience in the face of high interest rates, canada’s economy enters 2024 in an uneasy state.