Speaking in Toronto on Friday, Bank of Canada Gov. Tiff Macklem said it’s “still too early” to consider lowering interest rates, but said the country’s economy is no longer overheated. Macklem added he expects 2024 to be a year of “transition,” with job growth by later 2024.
- Will interest rates come down in 2024? What the Bank of Canada is watching
- Cutting rates too soon could spur housing market ‘rebound’: Bank of Canada
- Energy stocks help S&P/TSX composite rise almost 100 points, U.S. markets move higher