Central bank minutes · Canada

Canada BoC Summary of Deliberations

The Canada BoC Summary of Deliberations is the written account of the Bank of Canada's latest policy meeting: the arguments made, the risks discussed and how members voted.

Importance
High
Prochaine publication
Devise
CAD · Canadian dollar
Banque centrale
The Bank of Canada
Influence
AUDCAD · CADCHF · CADJPY · EURCAD · GBPCAD · NZDCAD · USDCAD

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Pourquoi c’est important

The decision itself is known weeks earlier; the minutes show how close the committee was to a different decision and what would change its mind. Traders scan them for hints about the next move in the overnight rate target, so a more hawkish or dovish tone than expected moves the Canadian dollar and short-term bond yields.

Mode de calcul

There is no figure. The central bank's staff write a summary of the meeting, approved by the members and published on a set date (three weeks after the meeting for the Fed, four for the ECB's accounts).

Ce que signifient les variations

  • Count the references to inflation risks against growth risks.
  • "Many" or "most" members holding a view means more than "a few" or "some".
  • Disagreement in the committee often foreshadows a change of direction.

Supérieur aux attentes : A more hawkish tone than expected tends to lift the Canadian dollar and short-term yields.

Inférieur aux attentes : A more dovish tone than expected tends to weaken the Canadian dollar and lower short-term yields.

Un bref historique

The Federal Reserve began publishing FOMC minutes with a delay of three weeks in 2005 (it used to wait for the next meeting); the Bank of England publishes minutes with each decision since 2015, and the ECB began publishing accounts of its meetings in 2015.

Questions

What is the Canada BoC Summary of Deliberations?

The Canada BoC Summary of Deliberations is the written account of the Bank of Canada's latest policy meeting: the arguments made, the risks discussed and how members voted.

When is the next Canada BoC Summary of Deliberations?

On Tuesday 10 November 2026 at 18:30 UTC.

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