Interest Rates 2024 Canada Bank. On wednesday, july 24, 2024, the bank of canada will announce its decision on the target for the overnight rate.  — the bank of canada has announced its key overnight interest rate will remain at five per cent, keeping its benchmark the same for the fourth time in a row.

 — 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.  — brookfield corp (tsx:bn) would likely experience a gain if the bank of canada and federal reserve kept cutting rates.