2024 Interest Rate Predictions Canada. Based on their latest market participant survey, the bank of canada’s interest rate forecast also suggests we could see the policy rate reduced to 4.00% by the end of the year. 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 rates.

These projections give an idea of where interest rates might be heading through the end of 2025. Financial institutions will adjust their prime rates based on bank of canada decisions.