Interest Rates 2024 Canada Td. For the first time in four years, the united states federal reserve (the fed) appears set to cut the overnight lending rate on. The bank of canada (boc), is set to make a rate announcement on june 5, and many canadians are holding their breath hoping the central bank cuts its lending rate.
We project the fed funds rate to remain in the 5.25% to 5.50% range until the end of 2024. Thatโs because the central bank’s overnight lending rate.