The Bank of Canada (BoC) Interest Rate Decision is the announcement of the target for the overnight rate, which is the interest rate at which major financial institutions borrow and lend one-day funds among themselves. This rate is the primary tool of monetary policy used to control inflation and stabilize the Canadian economy. The decision is closely watched as it directly impacts mortgage rates, loans, and the value of the Canadian Dollar.
The decision is made by the Bank's Governing Council through a consensus-based process. They evaluate economic indicators such as inflation, employment, and GDP growth to determine the appropriate rate level.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Sep 2, 2026 | — | 2.25 | — |
| Jul 15, 2026 | 2.25 | 2.25 | 0.00 |
| Jun 10, 2026 | 2.25 | 2.25 | 0.00 |
| Apr 29, 2026 | 2.25 | 2.25 | 0.00 |
| Mar 18, 2026 | 2.25 | 2.25 | 0.00 |
