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: High
Country:
Currency: CAD
Latest Release
Previous: 2.75%
Consensus: 2.75%
Actual: 2.75%
Next Release
Date: Jul 30, 13:45
Time left: 47 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
1.3657
+17 pips
1.3847
-207 pips
1.36402
Symbol Action Percentage Volume Positions
USDCAD Short 28% 1148.22 lots 4323
Long 72% 2905.89 lots 10767
12% of traders are currently trading USDCAD.
AUDCAD
0.8787
-43 pips
0.8878
-48 pips
0.88297
Symbol Action Percentage Volume Positions
AUDCAD Short 47% 2822.71 lots 13874
Long 53% 3155.12 lots 20306
20% of traders are currently trading AUDCAD.
CADJPY
102.5590
-271 pips
107.7171
-245 pips
105.266
Symbol Action Percentage Volume Positions
CADJPY Short 37% 55.04 lots 603
Long 63% 92.43 lots 950
1% of traders are currently trading CADJPY.
EURCAD
1.5424
-298 pips
1.5728
-6 pips
1.57219
Symbol Action Percentage Volume Positions
EURCAD Short 43% 491.78 lots 3258
Long 57% 647.21 lots 2565
7% of traders are currently trading EURCAD.
GBPCAD
1.8028
-433 pips
1.8499
-38 pips
1.84611
Symbol Action Percentage Volume Positions
GBPCAD Short 69% 264.68 lots 1432
Long 31% 121.14 lots 1103
3% of traders are currently trading GBPCAD.
NZDCAD
0.8127
-77 pips
0.8288
-84 pips
0.82043
Symbol Action Percentage Volume Positions
NZDCAD Short 60% 1074.95 lots 4875
Long 40% 714.03 lots 5872
9% of traders are currently trading NZDCAD.
CADCHF
0.6026
+92 pips
0.6264
-330 pips
0.59337
Symbol Action Percentage Volume Positions
CADCHF Short 8% 115.41 lots 568
Long 92% 1300.80 lots 7969
5% of traders are currently trading CADCHF.