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Canada Interest Rate Decision

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Canada Interest Rate Decision

Frequency

Delivery Method

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Status

 
Latest Release
Jan 25, 2023
Actual
4.50%
Forecast
4.50%
Previous
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
Canada Interest Rate Decision
 
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

European stocks steady ahead of key U.S. growth data
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
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

ING Economic and Financial 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...

David Bassanese
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...

David Bassanese
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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