BoC Interest Rate Decision
The Bank of Canada (BoC) announces its interest rate decision at the end of its eight scheduled meetings per year. If the BoC believes inflation will be above target (hawkish), it will raise interest rates in order to bring it down. This is bullish for the CAD since higher interest rates attract greater inflows of foreign capital. Likewise, if the BoC sees inflation falling below target (dovish) it will lower interest rates in order to give the Canadian economy a boost in the hope inflation will rise back up. This is bearish for CAD since it detracts from foreign capital flowing into the country.
Next Event -
The typical/expected impact on CAD pairs is High.
Lower numbers than forecast tend to be bullish for xxx/CAD pairs and bearish for CAD/xxx pairs.
Most Recent -
Higher numbers than forecast tend to be bullish for CAD/xxx pairs and bearish for xxx/CAD pairs.
Past Events
| Date | Time | Actual | Consensus |
|---|---|---|---|
| 28 January 2026 | 14:45 | 2.25% | 2.25% |
| 10 December 2025 | 14:45 | 2.25% | 2.25% |
| 29 October 2025 | 13:45 | 2.25% | 2.25% |
| 17 September 2025 | 13:45 | 2.5% | 2.5% |
| 30 July 2025 | 13:45 | 2.75% | 2.75% |
| 04 June 2025 | 13:45 | 2.75% | 2.75% |
| 16 April 2025 | 13:45 | 2.75% | 2.75% |
| 12 March 2025 | 13:45 | 2.75% | 2.75% |
| 29 January 2025 | 14:45 | 3% | 3% |
| 11 December 2024 | 14:45 | 3.25% | 3.25% |
| 23 October 2024 | 13:45 | 3.75% | 3.75% |
| 04 September 2024 | 13:45 | 4.25% | 4.25% |
| 24 July 2024 | 13:45 | 4.5% | 4.5% |
| 05 June 2024 | 13:45 | 4.75% | 4.75% |
| 10 April 2024 | 13:45 | 5% | 5% |
| 06 March 2024 | 14:45 | 5% | 5% |
| 24 January 2024 | 14:45 | 5% | 5% |
| 06 December 2023 | 15:00 | 5% | 5% |
| 25 October 2023 | 14:00 | 5% | 5% |
| 06 September 2023 | 14:00 | 5% | 5% |