Breaking News

Canada Interest Rate Decision

Latest Release

Oct 25, 2023

Actual

5.00%

Forecast

5.00%

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
Dec 06, 2023	16:00		5.00%	5.00%
Oct 25, 2023	15:00	5.00%	5.00%	5.00%
Sep 06, 2023	15:00	5.00%	5.00%	5.00%
Jul 12, 2023	15:00	5.00%	5.00%	4.75%
Jun 07, 2023	15:00	4.75%	4.50%	4.50%
Apr 12, 2023	15:00	4.50%	4.50%	4.50%

News

Dollar hits new two-month low ahead of key U.S. inflation report By Investing.com - Jul 12, 2023 1

Investing.com - The U.S. dollar slumped to its lowest level in two months in early European hours Wednesday ahead of a crucial U.S. inflation report, while sterling climbed to a fresh 15-month high on...

USD/CAD drops as Bank of Canada set to hike again By Investing.com - Jul 11, 2023

Investing.com – USD/CAD fell Tuesday, with just a day to go until the Bank of Canada is expected to deliver its second-straight rate hike after following a surprise hike last month. USD/CAD fell 0.20%...

Top 5 things to watch in markets in the week ahead By Investing.com - Jul 09, 2023

Investing.com -- U.S. inflation data for June will be in focus with the Federal Reserve all but certain to hike rates again later this month. Earnings season kicks off with results from big banks,...

Analysis

Decisive Week Looms for Global Economy: Here's Why Inflation Still Matters By Thomas Monteiro - Jun 12, 2023

Markets face a decisive week, with the Fed and the ECB likely to put an end to their rate hike cycles Markets will now focus on how long rates will stay high—as well as the Fed's balance...

Stock Futures Seek New Catalyst, Bitcoin Continues to Slide By Naeem Aslam - Jun 08, 2023

The US and European stock futures are trading a bit flat while traders focus on the next big catalyst that will drive the price action. The past few weeks have been about the US debt, and the drama...

Stock Futures Trade Mixed, BOC May React Like RBA, Gold and Bitcoin in Focus By Naeem Aslam - Jun 07, 2023

U.S. and European markets are set for a mixed open as traders pay close attention to weak economic numbers out of China and another surprise interest rate hike by the RBA. Over in Europe, what matters...

BoC Interest Rate Decision Discussion

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	Interest Rates	Next Meeting
CBN	18.75%	Jan 23, 2024
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