Overnight rate
2.75%
as of 2026-04-16
Next meeting
Jul 30
T-38d
Bias
NEUTRAL
The Bank of Canada sets the target for the overnight rate to keep inflation low, stable, and predictable under an agreed inflation-control target. The Governing Council announces rate decisions on a fixed schedule of eight dates per year.
Policy decisions are announced on the dates above. Source: official central bank schedules.
Overnight rate
2.75%
As of 2026-04-16
CAD 2026 consensus
1.35
median of 23 banks
CAD net longs (CFTC)
-58,623
latest as of
Next macro event
BoC Gov Macklem Speech
5 most-recent items prefer LLM synthesis where available
Per the full note [source], RBC Economics expects the Bank of Canada to hold rates steady on June 4, 2025, following a close call after April's pause. The decision is supported by upside inflation…
The desk interprets recent U.S. payroll data as a testament to American economic resilience amid global uncertainties. The latest report reflects a solid addition of 250,000 jobs, which underscores…
The desk interprets recent remarks by Fundi Tshazibana on AI's regulatory landscape as pivotal for understanding the evolving dynamics of financial markets, especially as it relates to currency…
The desk believes that the Greek economy is at a critical juncture, showcasing both significant progress and enduring challenges that may impact Eurozone stability. Per the full note by Christina…
The desk interprets Ms. Holta Zaçaj's keynote at the Balkan Payment Forum as a signal of a progressive shift in regional payment infrastructure, emphasizing Albania's central role in facilitating…
100 statements scored, Dec 2025 → May 2026
Most hawkish: May 11, 2026 (Ida Wolden Bache: Policy rate raised to 4.25 percent, score +75)
Most dovish: Apr 30, 2026 (Christine Lagarde, Luis de Guindos: ECB press conference -…, score -35)
Non-commercial net longs over the past 8 weeks. Latest report: for BoC
Latest net
-58,623
CAD non-commercial contracts
WoW change
-14,022
8-week trend
oldest → newest
Reports referencing BoC across covered research desks
FX BANK FORECAST · COVERAGE
Aggregated year-end forecasts, scenario shifts, and curated analyst notes from eight institutional desks. No promotion.