This release announces the Bank of Canada's official interest rate, which influences borrowing costs across the Canadian economy.
Releases at
14:45
Thursday, October 29, 2026 at 14:45
The BoC Interest Rate Decision is a key monetary policy tool that affects inflation, economic growth, and currency value in Canada.
Investors and markets closely watch this decision for signals about the central bank's view on economic conditions and future policy moves.
Changes or guidance in the interest rate can impact Canadian bond yields, the Canadian dollar, and equity markets, influencing global financial flows.
Canadian dollar tends to strengthen; borrowing costs rise, which may slow economic growth.
Canadian dollar tends to weaken; borrowing costs fall, potentially stimulating economic activity.
Markets generally remain stable, focusing on the central bank's forward guidance for future moves.