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.

Source:  Bank of Canada
Category:  Interest Rate
Units:  Percent
Details
Impact: Medium
Country:
Currency: CAD
Latest Release
Previous: 5%
Consensus: 4.75%
Actual: 4.75%
Next Release
Date: Jul 24, 14:00
Time left: 31 days

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
1.3584
-67 pips
1.3711
-60 pips
1.36505
Symbol Action Percentage Volume Positions
USDCAD Short 62% 5388.39 lots 23902
Long 38% 3350.72 lots 15267
14% of traders are currently trading USDCAD.
AUDCAD
0.9025
-67 pips
0.9112
-20 pips
0.90920
Symbol Action Percentage Volume Positions
AUDCAD Short 81% 14833.36 lots 50209
Long 19% 3465.79 lots 18204
20% of traders are currently trading AUDCAD.
CADJPY
114.4664
-204 pips
114.3459
+216 pips
116.508
Symbol Action Percentage Volume Positions
CADJPY Short 90% 1134.35 lots 8295
Long 10% 125.23 lots 921
4% of traders are currently trading CADJPY.
EURCAD
1.4613
-25 pips
1.4720
-82 pips
1.46377
Symbol Action Percentage Volume Positions
EURCAD Short 12% 549.44 lots 3217
Long 88% 4218.98 lots 17933
8% of traders are currently trading EURCAD.
GBPCAD
1.7206
-49 pips
1.7391
-136 pips
1.72554
Symbol Action Percentage Volume Positions
GBPCAD Short 33% 1472.81 lots 6940
Long 67% 3037.89 lots 10187
5% of traders are currently trading GBPCAD.
NZDCAD
0.8319
-54 pips
0.8419
-46 pips
0.83730
Symbol Action Percentage Volume Positions
NZDCAD Short 81% 11836.98 lots 42515
Long 19% 2810.75 lots 11154
13% of traders are currently trading NZDCAD.
CADCHF
0.6517
-7 pips
0.6686
-162 pips
0.65240
Symbol Action Percentage Volume Positions
CADCHF Short 20% 1001.54 lots 4873
Long 80% 4044.05 lots 15584
6% of traders are currently trading CADCHF.