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 |
|
|
1.3720 -59 pips |
1.3941 -162 pips |
1.37790 | |
| AUDCAD |
|
|
0.8962 -118 pips |
0.9124 -44 pips |
0.90800 | |
| CADJPY |
|
|
104.8746 -244 pips |
109.1269 -182 pips |
107.311 | |
| EURCAD |
|
|
1.5718 -462 pips |
1.6217 -37 pips |
1.61800 | |
| GBPCAD |
|
|
1.8160 -399 pips |
1.8643 -84 pips |
1.85590 | |
| NZDCAD |
|
|
0.8082 +18 pips |
0.8135 -71 pips |
0.80640 | |
| CADCHF |
|
|
0.5785 +15 pips |
0.6138 -368 pips |
0.57696 |
News (CAD)
Bank Of Canada Lowers Interest Rates By A Quarter Point
After leaving interest rates unchanged for three straight meetings, the Bank of Canada on Wednesday announced its widely expected decision to lower rates by a quarter point. The Bank of Canada said it decided to reduce its target for the overnight rate by 25 basis points to 2.5 percent, with the Bank Rate at 2.75 percent and the deposit rate at 2.45 percent.
RTTNews | 4 days ago
Bank Of Canada Leaves Interest Rates Unchanged For Third Straight Meeting
In a widely expected move, the Bank of Canada on Wednesday announced that it has once again decided to leave interest rates unchanged. The Bank of Canada said it decided to maintain its target for the overnight rate at 2.75 percent, with the Bank Rate at 3 percent and the deposit rate at 2.70 percent.
RTTNews | 53 days ago
Bank Of Canada Once Again Leaves Interest Rates Unchanged
The Bank of Canada on Wednesday announced its widely expected decision to leave interest rates unchanged for the second consecutive meeting. The Canadian central bank said it decided to maintain its target for the overnight rate at 2.75 percent, with the Bank Rate at 3 percent and the deposit rate at 2.70 percent.
RTTNews | 109 days ago
