Rate Cuts 2024 Canada News.  — policymakers led by governor tiff macklem lowered the benchmark overnight rate by 25 basis points to 4.75% on wednesday, as widely expected by markets and.  — in its third consecutive cut since june, the bank of canada lowered its key interest rate to 4.25 per cent on wednesday, citing the continued easing of inflation.

 — the bank of canada’s key interest rate fell by 25 basis points on wednesday, a move that will immediately be felt by canadians with variable rates of debt. The bank is continuing its policy of balance sheet normalization.