Bank of Canada Interest Rate Decision, January 2027
The Governing Council announces on Wednesday, January 27, 2027 at 9:45 AM EST. There is no consensus figure yet.
Figures as of Nov 3, 2026, 10:15 AM UTC.
When is the BoC decision?
- Ottawa
- Wed, Jan 27 · 9:45 AM EST
- New York
- Wed, Jan 27 · 9:45 AM EST
- London
- Wed, Jan 27 · 2:45 PM London
- Tokyo
- Wed, Jan 27 · 11:45 PM Tokyo
- UTC
- Wed, Jan 27 · 2:45 PM UTC
- Your time
- 2:45 PM UTC
What is expected
- Consensus
- Not yet
- Previous
- —
- Reading
- No consensus yet
An expected move is already in the price: only the difference between the decision and the expectation tends to move it.
What will the BoC do?
The split shows once you vote. Voting closes at the announcement, in 85d 4h.
USD/CAD levels to watch before the BoC decision
Drawn from real 15-minute candles: the nearest standing high and low, where stops rest. A: the spike runs the high, closes back, and the low is next. B: the mirror. Where to look, not a promise: some days one plays and some days neither does. Vote on which one plays: it is settled on the 15-minute candles of the 24 hours after the announcement.
Which play happens on USD/CAD?
The split shows once you vote. Voting closes at the announcement, in 85d 4h.
Last price 1.39720. Levels are as of the candle that closed Nov 3, 2026, 10:15 AM UTC UTC; they are not updated until the site is rebuilt, and the vote is settled on the map as it stands at the announcement. This is where to look, not advice.
How the last BoC decisions moved USD/CAD
Across 15 measured BoC decisions since January 2025, the first spike closed back inside the hour-before range within 60 minutes in 12 (80%), and in 6 of those price then took the other side within four hours. In the other 3 the first move held. Median move in the first 15 minutes: 12 pips.
| Date | Decision | First side | Closed back | After 60 min |
|---|---|---|---|---|
| Oct 28, 2026 | ▲ hike 2.50% | ▼ 7.0 pips | 5 min | +8.6 pips |
| Sep 2, 2026 | ■ hold 2.25% | ▼ 38 pips | No | −37 pips |
| Jul 15, 2026 | ■ hold 2.25% | ▲ 1.2 pips | 5 min | −5.2 pips |
| Jun 10, 2026 | ■ hold 2.25% | ▼ 5.5 pips | 10 min | +15 pips |
| Apr 29, 2026 | ■ hold 2.25% | ▲ 17 pips | 35 min | −4.3 pips |
| Mar 18, 2026 | ■ hold 2.25% | ▲ 2.2 pips | 10 min | −16 pips |
Up and down are the pair USD/CAD. A hawkish surprise (a bigger hike, a smaller cut, a hold when a cut was expected) tends to push USD/CAD down, because CAD is its second currency; a dovish one pushes it up.
BoC January 2027 decision: questions
What time is the BoC interest rate decision on Jan 27, 2027?
9:45 AM EST Ottawa time on Wednesday, January 27, 2027, which is 9:45 AM EST in New York and 2:45 PM London in London. The press conference follows at 10:30 AM EST.
What is expected from the BoC in January 2027?
There is no consensus figure yet. The rate now is —.
How does the BoC decision move USD/CAD, and what should I watch?
Across 15 measured BoC decisions since January 2025, the first spike closed back inside the hour-before range within 60 minutes in 12 (80%), and in 6 of those price then took the other side within four hours. In the other 3 the first move held. Median move in the first 15 minutes: 12 pips. The decision against what was expected. Past reactions describe what happened, not what will.
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