Breaking News

Canada Interest Rate Decision

Latest Release

Apr 13, 2022

Actual

1.00%

Forecast

1.00%

0.50%

The Bank of Canada (BOC) publishes its decision on where to set the benchmark interest rate. As short term interest rates are an important determinant of currency valuation, traders watch interest rate changes closely..

A reading that is weaker than forecast is generally supportive (bullish) for the CAD, while a stronger than forecast reading is generally negative (bearish) for the CAD.

Importance:

Country:

Currency: CAD

Source: Bank of Canada

Release Date	Time	Actual	Forecast	Previous
Jun 01, 2022	16:00			1.00%
Apr 13, 2022	16:00	1.00%	1.00%	0.50%
Mar 02, 2022	17:00	0.50%	0.50%	0.25%
Jan 26, 2022	17:00	0.25%	0.25%	0.25%
Dec 08, 2021	17:00	0.25%	0.25%	0.25%
Oct 27, 2021	16:00	0.25%	0.25%	0.25%

News

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By Gina Lee Investing.com – The dollar was down on Thursday morning in Asia, after falling overnight against the pound and the euro in particular. U.S. yields hit pause on their recent rally, offering...

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By Geoffrey Smith Investing.com -- The U.S. earnings season begins in earnest with reports from JPMorgan (NYSE:JPM), Blackrock (NYSE:BLK) and Fastenal (NASDAQ:FAST). Producer price inflation data and...

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By Gina Lee Investing.com – Gold was down on Wednesday morning in Asia, after gaining as much as 1% during the previous session, with investors digesting the latest U.S. inflation data. Gold futures...

Analysis

Chart Of The Day: Euro Vs. Canadian Dollar Reflects Monetary Policy Divergence By Pinchas Cohen/Investing.com - Apr 14, 2022

On Wednesday, the Bank of Canada announced a 50 basis point rate hike. That would make it the first central bank to have raised rates by more than 25 basis points in 22 years. It's also the first G7...

ECB Preview And Half-Point Hikes For CAD And NZD By Kathy Lien - Apr 13, 2022

The global tightening cycle is in full swing, with half-point interest rate hikes from the Bank of Canada and the Reserve Bank of New Zealand. Expectations for changes by both central banks did not...

Will USD/JPY Hit 130? Beware Of Broad FX Sell-Off By Kathy Lien - Apr 12, 2022 2

Investors continued to buy U.S. dollars, driving the greenback to its strongest level against the Japanese yen in more than 6 years. The biggest driving force for USD/JPY right now is U.S. yields...

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	Interest Rates	Next Meeting
CBN	13.00%	Jul 25, 2022
BOE	1.00%	Jun 16, 2022
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