Will The Fed Lower Interest Rates In 2024 Canada. The bank of canada, while not formally announcing interest rate cuts yet, has historically followed the fed’s lead. The bank of canada has cut its policy interest rate for a third consecutive time.

The bank of canada lowered its key interest rate by 25 basis points on wednesday, simultaneously opening the door to bigger cuts if the economy slows more. The bank of canada (boc) is likely to move ahead of the u.s.