What is the next BoC rate decision?
The Bank of Canada is expected to hold interest rates steady at its December 9, 2026 meeting. This is currently the most likely outcome.
BoC Rate Decision
Hold
Rates stayed the same
We predicted Hold the day before
How accurate are these forecasts?
Based on previous data, the accuracy is:
The 9 previous decisions were:
- Oct 29, 2025 · Cut 25 bps
- Dec 10, 2025 · Hold
- Jan 28, 2026 · Hold
- Mar 18, 2026 · Hold
- Apr 29, 2026 · Hold
- Jun 10, 2026 · Hold
- Jul 15, 2026 · Hold
- Sep 2, 2026 · Hold
- Oct 28, 2026 · Hike 25 bpsMarket expected Hold 1 month before
↓ Cut= Hold↑ Hike
1 month before, the market got 1 of 9 meetings wrong.
When is the next BoC meeting?
The next Bank of Canada interest rate announcement is December 9, 2026. The interest rate decision is announced at 9:45 a.m. ET on Wednesday, December 9, 2026, followed by the Governor's press conference 45 minutes later.
Which Bank of Canada interest rate does this forecast refer to?
The target for the overnight rate, the Bank of Canada's policy interest rate.