The Bank of Canada is expected to continue cutting interest rates throughout 2024, with economists predicting reductions at each of the remaining policy meetings. The pace of these cuts will depend on inflation trends and economic conditions, particularly the rising unemployment rate, which reached 6.4% in July. While inflation has moderated significantly, concerns remain about consumer sensitivity to rate changes. The central bank aims to support economic growth while managing inflation, with potential cuts bringing the overnight rate down to around 3% by 2025.