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: Sep 17, 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
1.3731
-105 pips
1.4037
-201 pips
1.38359
Symbol Action Percentage Volume Positions
USDCAD Short 77% 3365.94 lots 13312
Long 23% 1009.40 lots 3877
12% of traders are currently trading USDCAD.
AUDCAD
0.8798
-106 pips
0.8954
-50 pips
0.89042
Symbol Action Percentage Volume Positions
AUDCAD Short 37% 2504.00 lots 13428
Long 63% 4270.51 lots 17499
20% of traders are currently trading AUDCAD.
CADJPY
105.5185
-331 pips
109.6586
-83 pips
108.824
Symbol Action Percentage Volume Positions
CADJPY Short 70% 148.59 lots 1065
Long 30% 63.52 lots 618
1% of traders are currently trading CADJPY.
EURCAD
1.5394
-402 pips
1.5917
-121 pips
1.57961
Symbol Action Percentage Volume Positions
EURCAD Short 19% 279.93 lots 2196
Long 81% 1228.95 lots 4832
5% of traders are currently trading EURCAD.
GBPCAD
1.7875
-387 pips
1.8395
-133 pips
1.82617
Symbol Action Percentage Volume Positions
GBPCAD Short 30% 216.66 lots 909
Long 70% 499.07 lots 1961
3% of traders are currently trading GBPCAD.
NZDCAD
0.8107
-48 pips
0.8248
-93 pips
0.81550
Symbol Action Percentage Volume Positions
NZDCAD Short 43% 836.42 lots 3608
Long 57% 1128.59 lots 7192
10% of traders are currently trading NZDCAD.
CADCHF
0.5875
-4 pips
0.6254
-375 pips
0.58793
Symbol Action Percentage Volume Positions
CADCHF Short 22% 323.66 lots 1755
Long 78% 1122.99 lots 7152
5% of traders are currently trading CADCHF.