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We expect GC to trend upwards right now.

Based on the last 12 BoC Interest Rate Decision events in Canada, we expect GC to trend upwards right now. Based on these past events there is a 81.82% chance of this. We expect GC to trend upwards for the next 12 hours because the released value is = 0.25%. A price movement of 1,550 pips is expected.

Historical events that allowed us to draw this conclusion

28 Oct 14:00
09 Sep 14:00
15 Jul 14:00
03 Jun 14:00
22 Jan 15:00
04 Dec 15:00
30 Oct 14:00
10 Jul 14:00
29 May 14:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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