Rate Cut 2025 Canada. The bank of canada today reduced its target for the overnight rate to 3%, with the bank rate at 3.25% and the deposit rate at 2.95%.1 the bank is also announcing its plan to complete the normalization of its balance sheet, ending quantitative tightening. Last month, the bank of canada lowered its key interest rate from 3.75% to 3.25% in its fifth and final major announcement of the year.
An interest rate cut by the us federal reserve coupled. This latest rate cut will likely continue to juice housing market demand, which had started to heat back up in the latter months of 2024.
