Canada Economic Forecast 2024. This soft landing would allow the central bank to lower interest rates. The bank projects that inflation will reach the 2% target by the end of 2024.

2024 projected consumer prices (% change): Getting into the nitty gritty of the economy, growth has been revised marginally higher for 2024 to 2.6%, although we expect the pace to continue slowing towards 2% by the end of the year.