The Bank of Canada's interest rate decision sets Canadian borrowing costs and is the main 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.
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.
What it meant for the Canadian Dollar
The actual landed in line with the 2.25% forecast. A reading above forecast is generally bullish for the CAD, and below forecast bearish.
New to this release? See what Bank of Canada Rate Decision measures, the next release and its full history.