- On March 6, 2024, The Bank of Canada announced to hold the key interest rate at 5%.
- The prime rate in Canada as of March 13, 2024, increased to 7.20% from 6.95% in 2023.
- Updated in March 2024: Canada's annual inflation rate fell to 2.9% in January, the lowest since June 2023.
Bank of Canada
Posted 1/8/2024
The scheduled dates for the interest rate announcements for 2024 are as follows:
| Dates | Publications |
|---|---|
| January 24 | Interest rate announcement and Monetary Policy Report |
| March 6 | Interest rate announcement |
| April 10 | Interest rate announcement and Monetary Policy Report |
| June 5 | Interest rate announcement |
| July 24 | Interest rate announcement and Monetary Policy Report |
| September 4 | Interest rate announcement |
| October 23 | Interest rate announcement and Monetary Policy Report |
| December 11 | Interest rate announcement |
All interest rate announcements will be made at 10:00 (ET), and the Monetary Policy Report will be published concurrently with the January, April, July and October rate announcements.
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The scheduled dates for the release of the Business Outlook Survey and the Senior Loan Officer Survey are as follows:
- Monday, January 15
- Monday, April 1
- Monday, July 15
- Friday, October 11