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: 23 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
1.3603
+6 pips
1.3837
-240 pips
1.35972
Symbol Action Percentage Volume Positions
USDCAD Short 34% 1018.95 lots 3899
Long 66% 1969.24 lots 8332
10% of traders are currently trading USDCAD.
AUDCAD
0.8828
-78 pips
0.8948
-42 pips
0.89059
Symbol Action Percentage Volume Positions
AUDCAD Short 66% 3587.54 lots 18139
Long 34% 1870.71 lots 12237
20% of traders are currently trading AUDCAD.
CADJPY
103.7416
-242 pips
107.9201
-176 pips
106.162
Symbol Action Percentage Volume Positions
CADJPY Short 45% 111.73 lots 817
Long 55% 138.71 lots 1056
2% of traders are currently trading CADJPY.
EURCAD
1.5683
-346 pips
1.5975
+54 pips
1.60290
Symbol Action Percentage Volume Positions
EURCAD Short 84% 665.53 lots 4859
Long 16% 125.46 lots 886
5% of traders are currently trading EURCAD.
GBPCAD
1.8185
-382 pips
1.8601
-34 pips
1.85675
Symbol Action Percentage Volume Positions
GBPCAD Short 46% 241.68 lots 1488
Long 54% 282.69 lots 1353
3% of traders are currently trading GBPCAD.
NZDCAD
0.8138
-91 pips
0.8288
-59 pips
0.82287
Symbol Action Percentage Volume Positions
NZDCAD Short 42% 911.49 lots 4155
Long 58% 1261.71 lots 8409
11% of traders are currently trading NZDCAD.
CADCHF
0.5883
+46 pips
0.6197
-360 pips
0.58368
Symbol Action Percentage Volume Positions
CADCHF Short 10% 155.78 lots 1109
Long 90% 1473.65 lots 8452
6% of traders are currently trading CADCHF.