Canada BoC Business Outlook Survey
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.
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 |
|
|
1.3545 -134 pips |
1.3709 -30 pips |
1.36790 | |
| AUDCAD |
|
|
0.8887 -45 pips |
0.8959 -27 pips |
0.89320 | |
| CADJPY |
|
|
111.3397 -417 pips |
112.9213 +259 pips |
115.510 | |
| EURCAD |
|
|
1.4513 -95 pips |
1.4663 -55 pips |
1.46080 | |
| GBPCAD |
|
|
1.6964 -87 pips |
1.7105 -54 pips |
1.70510 | |
| NZDCAD |
|
|
0.8115 -7 pips |
0.8201 -79 pips |
0.81220 | |
| CADCHF |
|
|
0.6605 -79 pips |
0.6807 -123 pips |
0.66840 |
News (CAD)
Bank Of Canada Leaves Rates Unchanged As Inflation Remains 'Too High'
The Bank of Canada announced its widely expected decision to once again leave interest rates unchanged on Wednesday, saying inflation is still "too high." The Canadian central bank held its target for the overnight rate at 5.0 percent, with the bank rate at 5.25 percent and the deposit rate at 5.0 percent.
RTTNews | 16 days ago
Bank Of Canada Leaves Rates Unchanged Amid Ongoing Inflation Concerns
In a widely expected move, the Bank of Canada on Wednesday announced that it has once again decided to leave interest rates unchanged. The decision to leave rates unchanged came as the Bank of Canada said its Governing Council is still concerned about risks to the outlook for inflation, particularly the persistence in underlying inflation.
RTTNews | 51 days ago
Bank Of Canada Leaves Rates Unchanged, Still Concerned About Inflation Outlook
Citing the outlook for the economy and inflation, the Bank of Canada on Wednesday announced its widely expected decision to leave interest rates unchanged. The decision to leave rates unchanged comes as the Bank of Canada said its Governing Council is "still concerned about risks to the outlook for inflation, particularly the persistence in underlying inflation."
RTTNews | 93 days ago
