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2024 Inflation Rate Canada. 3:35 bank of canada cuts interest rate to 4.5%, macklem hints of more to come. The bank of canada (boc) announced on july 24, 2024 that it would be cutting its overnight lending rate to 4.5%, following a similar.25% cut in june.

You can find upcoming cpi release dates on our schedule. Canada’s annual inflation rate cooled to 2.8 per cent in february, with the cost of cellular services, groceries and internet access services contributing to slower.