Economic Calendar

Overnight Rate

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.

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.

BOC Monetary Policy Report

A quarterly report of the Bank of Canada’s Governing Council, presenting the Bank’s base-case projection for inflation and growth in the Canadian economy, and its assessment of risks.

BOC Rate Statement

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

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.

BOC Press Conference

Core Retail Sales m/m

Core Retail Sales measures the change in the total value of sales at retail outlets, excluding automobiles. Automobile sales are substantial part of Retail Sales, but due to high volatility they tend to distort the true picture. Core Retail Sales is considered to be a better gauge of of consumption and consumer confidence.

It is an important indicator of consumer spending and consumer confidence. Thought to be used to forecast near-term economic developments. 

Retail Sales m/m