Canada BoC Interest Rate Decision October 2026: date, forecast and previous
Scheduled for: (Wed, Oct 28, 9:45 AM EDT)
Forecast and previous are shown exactly as listed on the Forex Factory calendar feed (feed title: “Overnight Rate”). FXMARE does not publish actual figures for this release.
What to expect
The consensus forecast of 2.50% is above the previous reading of 2.25%, so the market expects a higher Canada BoC Interest Rate Decision figure than last time.
What it is
The Bank of Canada sets its target for the overnight rate eight times a year. The decision is accompanied by a policy statement, and on quarterly meetings a Monetary Policy Report with fresh growth and inflation projections.
Why it matters to traders
Canada's rate path drives the loonie and, because of the country's oil exports, interacts with crude prices. Markets parse the statement for any shift in policy bias, toward easing or tightening, that would change the interest-rate spread against the United States.
Educational only — not a trade recommendation or a prediction of the outcome.
See the full Canada BoC Interest Rate Decision guide for other releases, or the live economic calendar.