Don’t waste your time – keep track of how NFP affects the US dollar!

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Join the Facebook community of FBS!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Email tooltip

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

FBS Mobile Personal Area


Will the BOC provide a boost for the CAD?

Will the BOC provide a boost for the CAD?

Information is not investment advice

What will happen?

The Bank of Canada (BOC) will publish the rate statement and the update on the interest rate on April 21, at 17:00 MT time. The statement contains information about interest rates and commentary on the economic outlook. While we don't expect any changes to the interest rate of 0.25%, the bank may provide insights that may change its forecast for future rate hikes. We expect the bank to pay particular attention to the stabilization of the labor market, as the employment change for March greatly outperformed the forecasts (+303.1K vs. +101.5K). Another interesting thing the bank may drag investors' attention to is the recent business outlook survey. According to it, the firms expect inflation to exceed the central bank's target range. These factors may indicate an earlier change in the rate.

How to trade on the BOC Monetary Policy Report?

We recommend you pay attention to the regulator's comments on the economic outlook (employment and inflation levels) and forecasts for the rate hike.

  • If the BOC provides an optimistic outlook, expect the strength of the CAD;
  • In case of negative comments, the CAD will fall.

Instruments to trade: USD/CAD, EUR/CAD, CAD/JPY

Check the economic calendar





Choose your payment system

Be on top of your game


Please fill in the form below so we can contact you

Select the best time for us to call you. We give calls from Monday to Friday in suggested intervals. In case we couldn't get through, we will try again at the same time the next day. For getting real-time assistance, use FBS chat.

We provide only English-speaking callbacks. If you prefer any other languages, contact the support team.

We will call you at the time interval that you chose

Change number

Your request is accepted.

We will call you at the time interval that you chose

Next callback request for this phone number will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later