The Bank of Canada will hold its key interest rate near the current level of 5% until the third quarter of 2024, economists say. Read on.
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Governor Tiff Macklem and his policymakers are finished hiking, according to the median response in a Bloomberg survey of economists. But the central bank will cut rates only once in the first half of next year, according to the survey, and the policy rate will still be at 3.5 per cent in early 2025.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYExclusive articles by Kevin Carmichael, Victoria Wells, Jake Edmiston, Gabriel Friedman and others.
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