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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: 5%
Actual: 5%
Next Release
Date: Oct 24, 14:00
Time left: 29 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
1.3382
+382 pips
1.3548
-548 pips
1.3
Symbol Action Percentage Volume Positions
USDCAD Short 47% 3706.23 lots 13133
Long 53% 4118.17 lots 9164
13% of traders are currently trading USDCAD.
AUDCAD
0.8676
+16 pips
0.8842
-182 pips
0.86604
Symbol Action Percentage Volume Positions
AUDCAD Short 26% 929.95 lots 5932
Long 74% 2585.05 lots 12142
13% of traders are currently trading AUDCAD.
CADJPY
106.3541
-368 pips
108.7567
+128 pips
110.032
Symbol Action Percentage Volume Positions
CADJPY Short 84% 776.00 lots 4071
Long 16% 144.27 lots 660
2% of traders are currently trading CADJPY.
EURCAD
1.4270
-92 pips
1.4498
-136 pips
1.43621
Symbol Action Percentage Volume Positions
EURCAD Short 28% 392.57 lots 1918
Long 72% 988.74 lots 5010
4% of traders are currently trading EURCAD.
GBPCAD
1.6356
-151 pips
1.6721
-214 pips
1.65073
Symbol Action Percentage Volume Positions
GBPCAD Short 3% 251.92 lots 1229
Long 97% 8369.37 lots 13259
5% of traders are currently trading GBPCAD.
NZDCAD
0.8013
-9 pips
0.8131
-109 pips
0.80219
Symbol Action Percentage Volume Positions
NZDCAD Short 41% 1180.74 lots 5577
Long 59% 1710.75 lots 6546
9% of traders are currently trading NZDCAD.
CADCHF
0.6657
-73 pips
0.6902
-172 pips
0.67295
Symbol Action Percentage Volume Positions
CADCHF Short 77% 6657.09 lots 24686
Long 23% 2018.43 lots 13074
8% of traders are currently trading CADCHF.