Breaking News

Canada Interest Rate Decision

Latest Release

Apr 16, 2025

Actual

2.75%

Forecast

2.75%

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
Jun 04, 2025	09:45			2.75%
Apr 16, 2025	09:45	2.75%	2.75%	2.75%
Mar 12, 2025	09:45	2.75%	2.75%	3.00%
Jan 29, 2025	10:45	3.00%	3.00%	3.25%
Dec 11, 2024	10:45	3.25%	3.25%	3.75%
Oct 23, 2024	09:45	3.75%	3.75%	4.25%

News

TSX Composite climbs at market open; BoC lowers the interest rate By Investing.com - Jan 29, 2025

Investing.com - Canadian equities started mixed on Wednesday. The top gainers were Capped Consumer Staples, Capped Materials and Capped Financial indices. The top falling indices were Renewable Energy...

Futures Gain on Week’s Last Session By Baystreet.ca - Jan 10, 2025 2

Baystreet.ca - Futures tracking Canada's main stock index edged up on Friday, in the run-up to key U.S. payrolls and domestic employment numbers that could influence interest rate path in both...

Futures Promise Positive Friday for TSX By Baystreet.ca - Jan 03, 2025

Baystreet.ca - Futures tracking Canada's main stock index rose on Friday, following Wall Street futures, while investors awaited more economic data to anticipate the interest rate path in both...

Analysis

GBP/USD, USD/CAD: Sticky Inflation Complicates BoE's Policy Path By David Scutt - May 21, 2025

Canada's core inflation hit 13-month highs in April. Odds of a BoC June cut slashed, CAD gains. UK core CPI is also expected to reaccelerate. Central bankers may have won the battle to tame...

USD/CAD at Crucial Threshold as Bulls and Bears Jockey for Control By Zain Vawda - May 15, 2025

USD/CAD has been on a grind higher since May 6 and has now returned to the key psychological level 1.4000 level. Volatility has subsided somewhat of late as trade deals and a rebound in overall...

US Dollar Under Pressure as Market Shifts Focus to the Fed By Chris Turner - Apr 16, 2025

FX markets are a little calmer, but traded volatility levels remain elevated. What interests us today is the February Balance of Payments data in the eurozone and the Bank of Canada rate decision....

BoC Interest Rate Decision Discussion

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U.S. 30Y	5.030	-0.009	-0.18%
Germany 10Y	2.5740	-0.0635	-2.41%

	Interest Rates	Next Meeting
BOC	2.75%	Jun 04, 2025
FED	4.50%	Jun 18, 2025
BOE	4.25%	Jun 19, 2025
ECB	2.40%	Jun 05, 2025
SNB	0.25%	Jun 19, 2025
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RBNZ	3.50%	May 28, 2025
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PBOC	3.00%
BCB	14.75%	Jun 18, 2025