The next Bank of Canada interest rate decision is Wednesday, July 15, 2026, at 09:45 ET — and because it's a quarterly date, it also comes with a full Monetary Policy Report and a press conference. Watch it live with a countdown on our Bank of Canada rate tracker.
The next Bank of Canada interest rate decision is Wednesday, July 15, 2026 at 9:45 ET, alongside a Monetary Policy Report. The target overnight rate is currently 2.25% (held), and the Bank makes eight scheduled announcements a year, roughly every six weeks.
The Bank of Canada sets its policy interest rate on eight fixed dates a year, roughly every six weeks, always at 09:45 ET. Here are all eight dates for 2026, per the Bank's published schedule:
| Date (2026) | Day | Report |
|---|---|---|
| January 28 | Wednesday | + Monetary Policy Report |
| March 18 | Wednesday | Rate statement |
| April 29 | Wednesday | + Monetary Policy Report |
| June 10 | Wednesday | Rate statement |
| July 15 — next | Wednesday | + Monetary Policy Report |
| September 2 | Wednesday | Rate statement |
| October 28 | Wednesday | + Monetary Policy Report |
| December 9 | Wednesday | Rate statement |
At 09:45 ET the Bank announces whether it will raise, hold, or cut the target for the overnight rate, and publishes a short statement explaining why. Four times a year (January, April, July and October) it also releases a full Monetary Policy Report with updated forecasts, followed by a press conference with the Governor at around 10:30 ET.
As of the June 10, 2026 decision the Bank held the rate at 2.25% for a fifth straight meeting, signalling a preference for stability. Whether the next move is a hold or a cut depends on the data between now and then — especially inflation (CPI), the jobs report, and GDP. We track those releases with plain-English sentiment on the economic calendar. This is general information, not a forecast or advice.
The next scheduled decision is Wednesday, July 15, 2026 at 09:45 ET, which also includes a Monetary Policy Report.
Eight fixed dates a year, about every six weeks, always at 09:45 ET.
The target for the overnight rate is 2.25%, held as of June 10, 2026.