Economic Calendar

Time Country Period Event Sense Forecast Previous
December 6, 2021
December 7, 2021
15:30 CAD calender forex October Trade Balance 2.1B 2.2B 1.9B
17:00 CAD calender forex November Ivey PMI 61.2 60.2 59.3
December 8, 2021
17:00 CAD calender forex Year Overnight Rate 0.25% 0.25% 0.25%
Name:

Overnight Rate

Essence:

The overnight rate is the interest rate at which major financial institutions borrow and lend one-day funds among themselves. The Bank of Canada sets a target level for that rate.

Why imprtant:

Short term interest rates are the primary factor in currency valuation. Changes in the key interest rate influence other interest rates, and so affect people's spending decisions.

  • Better if:

    Sense > Forecast

  • Periodicity:

    As a rule, 8 times per year accordng to schedule.

  • Source:

    Bank of Canada

17:00 CAD calender forex Year BOC Rate Statement
Name:

BOC Rate Statement

Essence:

Announcement of key policy rate. Monetary policy decisions are reached through consensus by the members of the Bank's Governing Council.

Why imprtant:

Short term interest rates are the key factor in currency valuation. Change in key interest rate has a direct impact on interest rates for consumer loans, mortgages etc.

  • Periodicity:

    As a rule, 8 times per year according to schedule.

  • Source:

    Bank of Canada

December 9, 2021
21:00 CAD calender forex Gov Council Member Gravelle Speaks
December 10, 2021
15:30 CAD calender forex November Capacity Utilization Rate 81.4% 83.0% 82.0%
December 11, 2021
December 12, 2021

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