Will Prime Rate Go Down In 2024 Canada. The prime rate in canada today, september 22, 2024, is currently 6.45%. Fed officials predicted that they would cut interest rates to 4.4 percent by the end of the year — much lower than the 5.1 percent they had been expecting in june,.
Canada’s prime rate — the interest rate that major banks charge their best customers — will drop to 6.45% prompted by the bank of canada’s. The ongoing elevated prime rate of 7.20% during the early months of 2024 played a role in.