Breaking News

Canada Interest Rate Decision

Latest Release

Oct 23, 2024

Actual

3.75%

Forecast

3.75%

4.25%

The Bank of Canada (BOC) publishes its decision on where to set the benchmark interest rate. As short term interest rates are an important determinant of currency valuation, traders watch interest rate changes closely.

A reading that is stronger than forecast is generally supportive (bullish) for the CAD, while a weaker than forecast reading is generally negative (bearish) for the CAD.

Importance:

Country:

Currency: CAD

Source: Bank of Canada

Release Date	Time	Actual	Forecast	Previous
Dec 11, 2024	14:45			4.25%
Oct 23, 2024	13:45	3.75%	3.75%	4.25%
Sep 04, 2024	13:45	4.25%	4.25%	4.50%
Jul 24, 2024	13:45	4.50%	4.50%	4.75%
Jun 05, 2024	13:45	4.75%	4.75%	5.00%
Apr 10, 2024	13:45	5.00%	5.00%	5.00%

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	Interest Rates	Next Meeting
BOE	4.75%	Dec 19, 2024
ECB	3.40%	Dec 12, 2024
FED	4.75%	Dec 18, 2024
SNB	1.00%	Dec 12, 2024
RBA	4.35%	Dec 10, 2024
BOC	3.75%	Dec 11, 2024
RBNZ	4.75%	Nov 27, 2024
BOJ	0.25%	Dec 19, 2024
CBR	21.00%	Dec 20, 2024
RBI	6.50%	Dec 06, 2024
PBOC	3.10%
BCB	11.25%	Dec 11, 2024