Bank of Canada (BOC) will once again meet for their Overnight Rate (Interest Rate) and the decision will be announced today at 9:00am sharp.  Along with the rate decision, BOC Carney will also announce a Rate Statement to further explain today’s decision.  Here’s what analysts are expecting:

9:00am (NY Time) CA BOC Rate Decision   Forecast 0.50%      Previous 0.25%
ACTION:  USD/CAD  Depend on Market Condition and BOC statement.

Bank of Canada (BOC) will once again meet for their Overnight Rate (Interest Rate) and the decision will be announced today at 9:00am sharp.  Along with the rate decision, BOC Carney will also announce a Rate Statement to further explain today’s decision.  Here’s what analysts are expecting:

9:00am (NY Time) CA BOC Rate Decision   Forecast 0.25%      Previous 0.25%
ACTION:  USD/CAD  Depend on Market Condition

9:00am (NY Time) CA BOC Rate Decision   Forecast 0.25%      Previous 0.25%
ACTION:  USD/CAD  Depend on Market Condition

BOC (Bank of Canada) will be issuing its Overnight Rate decisions once again today and this meeting will be watched by traders and speculators since interest rate policy serves as a tool to curb inflation and maintain price stability, making this news event probably the most important event for the day.

This is what I wrote for the last two BOC rate decision, I think the situation still remains mostly unchanged: