Is Canada Heading For A Recession 2024. The bank of canada (boc) is expected to hold its key overnight rate steady at 5% on wednesday, economists said, even though data have shown inflation easing and economic. The bank of canada lowered its policy rate by 25 basis points at both its june and july meetings, bringing it to 4.5%.
Heading into 2024, the concern shifts from inflation to the potential for a recession. The bank of canada (boc) is expected to hold its key overnight rate steady at 5% on wednesday, economists said, even though data have shown inflation easing and economic.
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