Scotiabank sees Bank of Canada rate at 4% by end of 2024

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.

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.

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