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: 20 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
1.3646
-54 pips
1.3929
-229 pips
1.36996
Symbol Action Percentage Volume Positions
USDCAD Short 51% 1441.60 lots 6273
Long 49% 1372.00 lots 5721
11% of traders are currently trading USDCAD.
AUDCAD
0.8849
-101 pips
0.8968
-18 pips
0.89499
Symbol Action Percentage Volume Positions
AUDCAD Short 83% 4141.51 lots 22105
Long 17% 843.51 lots 5841
17% of traders are currently trading AUDCAD.
CADJPY
104.5581
-235 pips
108.5769
-167 pips
106.910
Symbol Action Percentage Volume Positions
CADJPY Short 47% 114.24 lots 1007
Long 53% 129.58 lots 878
1% of traders are currently trading CADJPY.
EURCAD
1.5662
-374 pips
1.5980
+56 pips
1.60360
Symbol Action Percentage Volume Positions
EURCAD Short 86% 692.39 lots 4620
Long 14% 113.65 lots 889
5% of traders are currently trading EURCAD.
GBPCAD
1.8204
-402 pips
1.8625
-19 pips
1.86065
Symbol Action Percentage Volume Positions
GBPCAD Short 56% 267.03 lots 1635
Long 44% 214.01 lots 804
2% of traders are currently trading GBPCAD.
NZDCAD
0.8126
-84 pips
0.8276
-66 pips
0.82099
Symbol Action Percentage Volume Positions
NZDCAD Short 39% 829.24 lots 4221
Long 61% 1315.71 lots 8582
9% of traders are currently trading NZDCAD.
CADCHF
0.5919
+112 pips
0.6175
-368 pips
0.58068
Symbol Action Percentage Volume Positions
CADCHF Short 6% 94.19 lots 662
Long 94% 1593.58 lots 9059
6% of traders are currently trading CADCHF.