The Bank of Canada's interest rate decision sets Canadian borrowing costs and is a major driver of the Canadian dollar.
Actual
2.25%
Forecast
2.25%
Previous
2.25%
Source: Bank of Canada. Figures as released; revisions appear in the next print.
Forecast: Trading Economics' forecast where available, otherwise the market consensus.
Calendar data: Trading Economics; official figures from the publishing agency.
Bank of Canada Rate Decision for July 15, 2026 came in at 2.25% versus 2.25% expected (previous 2.25%), in line with forecast.
How this print reads for the Canadian Dollar
In line with the 2.25% forecast. A reading above forecast is generally read as positive for the CAD, and below forecast as negative.
New to this release? See what Bank of Canada Rate Decision measures, the next release and its full history.