The typical/expected impact on CAD pairs is high.
The consensus forecast for BoC Interest Rate Decision is 4.5%. A higher value than forecast tends to be bullish for CAD/xxx pairs and bearish for xxx/CAD pairs.
(A summary of the historic trading range after each event is not available for BoC Interest Rate Decision. Please check the candle charts instead.)
The trading range of USDCAD was pips following the most recent BoC Interest Rate Decision.
The most recent announced value for BoC Interest Rate Decision was 4.5% against a forecast of 4.5%.
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:
|S&P Global Manufacturing PMI||Bearish change||50.2||49|
|Gross Domestic Product (MoM)||Bearish change||0.1%||0%|
|Gross Domestic Product (QoQ)||Bullish change||0%||0.8%|
|Gross Domestic Product Annualized||Bullish change||-0.1%||3.1%|
|Current Account||Bullish change||-8.05B||-6.17B|
|Source:||Bank of Canada|
|Australia||RBA Interest Rate Decision|
|Switzerland||SNB Interest Rate Decision|
|China||PBoC 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|
|Russian Federation||Interest rate decision|
The value of BoC Interest Rate Decision has been announced.