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BOC Interest Rate Decision
- Average Weekly Earnings
- BOC Interest Rate Decision
- Building Permits
- Capacity Utilization
- Consumer Price Index
- Core CPI
- Current Account
- Gross Domestic Product
- Housing Starts
- International Transactions in Securities
- Ivey Purchasing Managers Index
- Labor Productivity
- Leading Indicators
- Manufacturing Survey Shipments
- New Housing Price Index
- New Vehicle Sales
- Overnight Rate Target
- Payroll Employment
- Producer Price Index
- Raw Materials Price Index
- Retail Sales
- Retail Sales Excluding Motor Vehicles
- Trade Balance
- Unemployment Rate
- Unit Labor Cost
- Wholesale Inventories
- Wholesale Sales
BOC Interest Rate Decision
This is the rate set by the Bank of Canada, based on which other financial institutions (commercial banks) set their interest rates on loans and deposits. A decision to lower interest rates can spur economic growth while increasing the inflationary pressure, whereas the increase in rates leads to lower inflation but also slows down the economy growth.
The Bank of Canada's rate decision has significant influence on financial markets. Changes in rates have a direct impact on interest rates for consumer loans, mortgages, and bond rates.
- Release Frequency: eight times a year.
- Release Schedule: 09:00 EST.
- Source: The Bank of Canada.