Canada BoC Interest Rate Decision
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.
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 |
|
|
1.3763 -207 pips |
1.3976 -6 pips |
1.39705 | |
| AUDCAD |
|
|
0.9072 -20 pips |
0.9132 -40 pips |
0.90923 | |
| CADJPY |
|
|
107.3958 -312 pips |
111.6607 -115 pips |
110.512 | |
| EURCAD |
|
|
1.4596 -96 pips |
1.4848 -156 pips |
1.46925 | |
| GBPCAD |
|
|
1.7431 -208 pips |
1.7791 -152 pips |
1.76386 | |
| NZDCAD |
|
|
0.8233 +43 pips |
0.8282 -92 pips |
0.81904 | |
| CADCHF |
|
|
0.6269 -58 pips |
0.6565 -238 pips |
0.63266 |
News (CAD)
Bank Of Canada Slashes Interest Rates By 50 Basis Points
Following three straight quarter point interest rate cuts, the Bank of Canada on Wednesday announced its widely expected decision to slash rates by a half point. The Bank of Canada said it decided to reduce its target for the overnight rate by 50 basis points to 3.75 percent, with the Bank Rate at 4 percent and the deposit rate at 3.75 percent.
RTTNews | 29 days ago
Bank Of Canada Cuts Interest Rates By Quarter Point For Third Straight Meeting
For the third straight meeting, the Bank of Canada on Wednesday announced that is decided to lower interest rates by another quarter point. The Bank of Canada announced its widely expected decision to reduce its target for the overnight rate by 25 basis points to 4.25 percent, with the Bank Rate at 4.50 percent and the deposit rate at 4.25 percent.
RTTNews | 78 days ago
Bank Of Canada Lowers Interest Rates By Another Quarter Point
In a widely expected move, the Bank of Canada on Wednesday announced its decision to lower interest rates by another quarter point. The Bank of Canada said it has reduced its target for the overnight rate by 25 basis points to 4.5 percent, with the bank rate at 4.75 percent and the deposit rate at 4.5 percent.
RTTNews | 120 days ago
