Breaking News

Canada Interest Rate Decision

Latest Release

Jan 25, 2023

Actual

4.50%

Forecast

4.50%

4.25%

Bank of Canada (BOC) governing council members come to a consensus on where to set the rate.Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation.

A higher than expected rate is positive/bullish for the CAD, while a lower than expected rate is negative/bearish for the CAD.

Importance:

Country:

Currency: CAD

Source: Bank of Canada

Release Date	Time	Actual	Forecast	Previous
Jan 26, 2023	02:00	4.50%	4.50%	4.25%
Dec 08, 2022	02:00	4.25%	4.25%	3.75%
Oct 27, 2022	01:00	3.75%	4.00%	3.25%
Sep 08, 2022	01:00	3.25%	3.25%	2.50%
Jul 14, 2022	01:00	2.50%	2.25%	1.50%
Jun 02, 2022	01:00	1.50%	1.50%	1.00%

News

Risk markets' reaction to Fed’s favorite inflation tool: 'Meh' By Investing.com - Jan 28, 2023

By Barani Krishnan Investing.com -- It was supposed to have helped gold crack the key $1,950 resistance and lift crude to a new weekly high by reassuring us that the U.S. economy was managing just...

European stocks steady ahead of key U.S. growth data By Investing.com - Jan 26, 2023

By Scott Kanowsky Investing.com -- European shares held steady in early trading on Thursday, as traders look ahead to the release of crucial U.S. economic data and examine a new batch of corporate...

Dollar flat as market waits for U.S. GDP figures By Investing.com - Jan 26, 2023

By Geoffrey Smith Investing.com -- The dollar was little changed in early trade in Europe on Thursday, with the market apparently content to wait for U.S. GDP figures before taking new positions. By...

Analysis

FX Daily: Bank of Canada Softens Up the Dollar By ING Economic and Financial Analysis - Jan 26, 2023

Notable yesterday was the dollar selling off after the Bank of Canada said it was ready to pause/end its tightening cycle. Some in the market could be thinking the Fed is of a similar mindset. At the...

Good is bad By David Bassanese - Dec 12, 2022

Week in review Global equities suffered a setback last week after a few weeks of hopeful gains. Technically, the US S&P 500 tried but failed to break through the downward sloping trend line from the...

Consumer price index (CPI) watch By David Bassanese - Sep 12, 2022

Week in review After several weeks of losses, global stocks bounced back last week on little new fundamental news, likely reflecting end-of-month rebalancing and profit taking from short sellers. If...

BoC Interest Rate Decision Discussion

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	Interest Rates	Next Meeting
RBA	3.10%	Feb 07, 2023
BOE	3.50%	Feb 02, 2023
ECB	2.50%	Feb 02, 2023
FED	4.50%	Feb 01, 2023
SNB	1.00%	Mar 23, 2023
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