Breaking News

Canada Interest Rate Decision

Latest Release

Dec 11, 2024

Actual

3.25%

Forecast

3.25%

3.75%

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	22:45	3.25%	3.25%	3.75%
Oct 23, 2024	21:45	3.75%	3.75%	4.25%
Sep 04, 2024	21:45	4.25%	4.25%	4.50%
Jul 24, 2024	21:45	4.50%	4.50%	4.75%
Jun 05, 2024	21:45	4.75%	4.75%	5.00%
Apr 10, 2024	21:45	5.00%	5.00%	5.00%

News

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Investing.com -- Wall Street is seen trading in a calm manner Monday ahead of the release of the widely-anticipated monthly US consumer inflation number. Chinese inflation data points to slowing...

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Analysis

Is Canada a Canary in the Economic Coalmine? By Lance Roberts - Dec 13, 2024

On Wednesday, the Bank of Canada cut its key benchmark rate by 50bps. They have now cut by 150 bps in 2024, compared to what will likely be 100 bps for the Fed after next week’s meeting. Unlike the...

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The US dollar has come back bid this week. Any upside surprise to today’s US November core CPI number would trigger another leg higher in the dollar – as would only a 25bp rate cut from the Bank of...

Gold: Bulls Need to Clear Key Resistance Zone Above $2,708 Before Next Leg Up By Fawad Razaqzada - Dec 09, 2024

Gold’s short-term outlook is clouded by mixed signals, with resistance holding firm around key levels. Upcoming CPI and ECB decisions could be the catalyst gold needs to break out of its range-bound...

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	Interest Rates	Next Meeting
BSP	2%	Feb 16, 2023
BOC	3.25%	Jan 29, 2025
FED	4.75%	Dec 18, 2024
BOE	4.75%	Dec 19, 2024
ECB	3.15%	Jan 30, 2025
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RBNZ	4.25%	Feb 19, 2025
BOJ	0.25%	Dec 19, 2024
CBR	21.00%	Dec 20, 2024
RBI	6.50%	Feb 07, 2025
PBOC	3.10%