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Canada BoC Interest Rate Decision
In Canada, the Bank of Canada's (BoC) Governing Council determines the benchmark interest rate for the country. The Overnight Rate is the official rate of interest. Having been established at the top limit of an operating band for the money market overnight rate since 1996. Bank Rate was fixed at 25 basis points above the weekly average tender rate for three-month Treasury bills, which was the case from March 1980 to February 1996.
A higher than expected figure should be seen as positive (bullish) for the CAD while a lower than expected figure should be seen as negative (bearish) for the CAD.
Forex Sentiment (CAD)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| USDCAD |
|
|
1.3965 -315 pips |
1.4364 -84 pips |
1.42798 | |
| AUDCAD |
|
|
0.9005 +13 pips |
0.9042 -50 pips |
0.89924 | |
| CADJPY |
|
|
102.5644 -256 pips |
107.4096 -229 pips |
105.120 | |
| EURCAD |
|
|
1.5167 -237 pips |
1.5507 -103 pips |
1.54035 | |
| GBPCAD |
|
|
1.8181 -294 pips |
1.8512 -37 pips |
1.84750 | |
| NZDCAD |
|
|
0.8159 -19 pips |
0.8246 -68 pips |
0.81780 | |
| CADCHF |
|
|
0.6172 -10 pips |
0.6404 -222 pips |
0.61823 |
News (CAD)
Bank Of Canada Cuts Interest Rates By Another 25 Basis Points
With inflation close to the 2 percent target, the Bank of Canada on Wednesday announced its widely expected decision to lower interest rates by another 25 basis points, making its seventh straight rate cut. The Bank of Canada said it decided to reduce its target for the overnight rate to 2.75 percent, with the Bank Rate at 3 percent and the deposit rate at 2.70 percent.
RTTNews | 13 days ago
Bank Of Canada Cuts Interest Rates, Warns About Impact Of Potential Tariffs
The Bank of Canada on Wednesday announced its widely expected decision to lower interest rates by a quarter point, noting consumer price inflation remains close to 2 percent and the economy is in excess supply. After cutting rates by 50 basis points at each of its two previous meetings, the Bank of Canada decided to lower the overnight rate by 25 basis points to 3 percent.
RTTNews | 55 days ago
Bank Of Canada Slashes Interest Rates By Another 50 Basis Points
With inflation around 2 percent, the economy in excess supply, and recent indicators tilted towards softer than projected growth, the Bank of Canada on Wednesday announced its widely expected decision to slash interest rates by another half point.
RTTNews | 104 days ago
