FX desk · Event pivot
BoC Rate Decision: Forex impact today
Bank of Canada Governing Council policy rate decision. Drives USD/CAD; tightly correlated with WTI oil prices because Canada is a net oil exporter.
Next release
Wed, 29 Jul 2026
In 45 days
Last release
Wed, 03 Jun 2026
11 days ago
Cadence
Eight meetings per year
Pairs to watch · live spot
Dated archive
BoC Rate Decision archive · 2026-06
Full dated brief with consensus, actual, market reaction and Rocky desk commentary for the most recent release.
Release schedule · ±90 days
FAQ
- Which forex pairs move on BoC Rate Decision?
- BoC Rate Decision typically moves USD/CAD. The strongest reactions historically come from the dollar pairs first, then the JPY and EM crosses.
- When is the next BoC release?
- Wed, 29 Jul 2026 (in 45 days).
- Why does BoC Rate Decision matter for forex traders?
- Bank of Canada Governing Council policy rate decision. Drives USD/CAD; tightly correlated with WTI oil prices because Canada is a net oil exporter.