Canada Prime Rate Predictions 2024. The bank of canada's benchmark interest rate is expected to fall back to around 3.00% by the end of 2024, according to a median of responses from market. In depth view into canada prime rate including historical data from 1975 to 2024, charts and stats.
The prime rate, also known as the prime lending rate, is the annual interest rate canadaโs major banks and financial institutions use to set interest. How the bank of canadaโs benchmark rate impacts your finances;