The typical/expected impact on CAD pairs is high.
The consensus forecast for BoC Interest Rate Decision is 2.75%. A higher value than forecast tends to be bullish for CAD/xxx pairs and bearish for xxx/CAD pairs.
The most recent announced value for BoC Interest Rate Decision was 3% against a forecast of 3%.
Recent economic data has been moderately bullish for CAD. Other recent announcements which may affect the market's interpretation of the next BoC Interest Rate Decision result:
Previous | Latest | ||||
---|---|---|---|---|---|
Average Hourly Wages (YoY) | Bullish change | 3.7% | 4% | ||
Net Change in Employment | Bearish change | 76K | 1.1K | ||
Unemployment Rate | (no change) | 6.6% | 6.6% | ||
Ivey Purchasing Managers Index | Bullish change | 46.2 | 53.6 | ||
Ivey Purchasing Managers Index s.a | Bullish change | 47.1 | 55.3 | ||
S&P Global Manufacturing PMI | Bearish change | 51.6 | 47.8 | ||
Gross Domestic Product (MoM) | Bullish change | -0.2% | 0.2% | ||
Gross Domestic Product (QoQ) | Bullish change | 0.5% | 0.6% | ||
Gross Domestic Product Annualized | Bullish change | 2.2% | 2.6% | ||
Current Account | Bearish change | -3.62B | -4.99B |
Country: | Canada |
---|---|
Currency: | CAD |
Source: | Bank of Canada |
Category: | Interest Rates |
Frequency: | Weekly/week-based |
Australia | RBA Interest Rate Decision | ||
Switzerland | SNB Interest Rate Decision | ||
Eurozone | ECB Rate On Main Refinancing Operations | ||
Japan | BoJ Interest Rate Decision | ||
New Zealand | RBNZ Interest Rate Decision | ||
United Kingdom | BoE Interest Rate Decision | ||
United States | Fed Interest Rate Decision | ||
China | PBoC Interest Rate Decision | ||
India | RBI Interest Rate Decision (Repo Rate) | ||
South Korea | BoK Interest Rate Decision | ||
Mexico | Central Bank Interest Rate | ||
Norway | Norges Bank Interest Rate Decision | ||
Russian Federation | Interest rate decision | ||
Sweden | Riksbank Interest Rate Decision | ||
Turkey | CBRT Interest Rate Decision |