Bank interest rates will decrease starting january 1 – IRCC on a Downward

Bank interest rates will decrease Starting January 1 – IRCC on a Downward Trend  

Good news for borrowers: starting January 1, 2025, the IRCC (Consumer Credit Reference Index) will continue its downward trend, dropping significantly from 5.99% to 5.66%. Fixed interest rates remain attractive, with a 3-year fixed rate starting at just 4.99%.