Breaking News

Canada Interest Rate Decision

Latest Release

Jul 24, 2024

Actual

4.50%

Forecast

4.50%

4.75%

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
Dec 11, 2024	11:00
Oct 23, 2024	10:00
Sep 04, 2024	10:00
Jul 24, 2024	09:45	4.50%	4.50%	4.75%
Jun 05, 2024	09:45	4.75%	4.75%	5.00%
Apr 10, 2024	09:45	5.00%	5.00%	5.00%

News

TSX Composite down today; interest rate decision from the BoC By Investing.com - Jul 24, 2024

Investing.com - Canadian equities started mixed on Wednesday, with rises in Materials, Utilities and Consumer Staples indices and losses in Health Care, Industrials and Consumer Discretionary. At the...

TSX Composite opens in green today; shares mixed By Investing.com - Jul 22, 2024

Investing.com - Canadian equities started mixed on Monday, with rises in REIT, Health Care and Information Technology indices; while the Energy, Communication Services and Materials fell. At the...

US dollar rally unlikely to be sustained going forward - UBS By Investing.com - Jun 27, 2024

Investing.com - The U.S. dollar has been in demand of late, climbing close to its highest level of the year. However, this rally is unlikely to be sustained in the coming months, according to UBS. At...

Analysis

Bank of Canada Preview: Another One Down By James Knightley - Jul 18, 2024

A second 25bp cut is on its way The Bank of Canada kicked off its easing cycle at the 5 June meeting and our sense in the wake of that decision was it would follow up with a further 75bp of rate cuts...

Nasdaq 100 Poised for New Highs Again: Look to Buy Any Potential Dips By Fawad Razaqzada - Jun 06, 2024

US index futures indicate another all-time peak for major indexes. Meanwhile, some tech stocks have seen bullish price action develop of late. Amid the current bullish momentum, these stocks could...

USD/CAD Stalls at Resistance Ahead of BoC: Key Entry, Exit Levels to Watch By Fawad Razaqzada - Jun 05, 2024

After a data-driven slump on Monday, the US dollar has since been a little stronger against most major currencies and was holding in the positive territory at the time of writing in the mid-morning...

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	Interest Rates	Next Meeting
BOC	4.50%	Sep 04, 2024
FED	5.50%	Jul 31, 2024
BOE	5.25%	Aug 01, 2024
ECB	4.25%	Sep 12, 2024
SNB	1.25%	Sep 26, 2024
RBA	4.35%	Aug 06, 2024
RBNZ	5.50%	Aug 14, 2024
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PBOC	3.35%
BCB	10.50%	Jul 31, 2024