2024 Interest Rates By Month Canada. (september 2024) the boc policy rate increased by 75 basis points (1 basis point is equal to 0.01%) in 2023. Current interest rate forecast for 2024:

Expect prime rate at 6.2% by the end of 2024 and 5.45% by the end of 2025. The graph above shows the mortgage rate history in canada from 1975 to 2024, based on the posted rates by canada’s six major banks and collected by the bank.