Scotiabank sees Bank of Canada rate at 4% by end of 2024
Watch Derek Holt on the Bank of Canada's next rate decision
Derek Holt, vice-president and head of capital markets economics at the Bank of Nova Scotia, talks with Financial Post’s Larysa Harapyn about how the Bank of Canada‘s policy interest rate will be at four per cent by the end of 2024. Holt said Scotiabank is also forecasting the central bank to make additional cuts in 2025.
tap here to see other videos from our team.
Scotiabank sees Bank of Canada rate at 4% by end of 2024 Back to video
tap here to see other videos from our team.
The Bank of Canada is set to announce its next rate decision on Wednesday, July 24, and markets are expecting another quarter-point cut, Holt said.
Bookmark our website and support our journalism: Don’t miss the business news you need to know — add financialpost.com to your bookmarks and sign up for our newsletters financialpost.com.
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, Victoria Wells and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, Victoria Wells and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
