Interest Rates 2024 Canada Toronto. Some of the largest cmas in canada, including windsor, edmonton, and toronto, have the highest unemployment rates. After a year of surprising resilience in the face of high interest rates, canada’s economy enters 2024 in an uneasy state.
Guaranteed investment certificate (gic) and term deposit rates. In its most recent rate announcement on september 4, 2024, the bank of canada (boc) cut its key interest rate by another 25 basis points to 4.25%, its third consecutive rate cut in over four.