BoC Rate Decision, explained.

The Bank of Canada's decision on its overnight rate target.

Why it moves markets

Moves the Canadian dollar, which is also sensitive to oil prices and US data because of trade links.

Who publishes it, and when

Bank of Canada Governing Council. Eight scheduled dates a year, 9:45am Eastern time.

Pairs that often react

USD/CADCAD/JPY

Pairs that include the currency involved usually react most. How much and in which direction depends on the surprise against expectations and on everything else going on. This isn't a prediction.

Educational only. Not advice and not a signal. Spreads often widen and prices can gap around big releases.