The Bank of Canada (BoC) is preparing for its final rate announcement of 2024 on December 11, with economists anticipating a potential further reduction in its lending rate that could impact borrowing costs for Canadians.   TD Economics predicts that the central bank will decide on a 25-basis-point cut and thus proceed to bring down the current lending rate from 3.75% to 3.50%. However, this does not rule out the prospect of an altogether more significant reduction. "We... [read more]