Will the Bank of Canada announce a 25 bps decrease at the January meeting?

This market will resolve to the amount of basis points the target for the overnight rate is changed by versus the level it was prior to the Bank of Canada's January 2026 meeting. If the target for the overnight rate is changed to a level not expressed in the displayed options, the change will be rounded up to the nearest 25 basis points and will resolve to the relevant bracket. For example, if the deposit facility rate is increased or decreased by 12.5 basis points, it will be treated as a 25 basis point change for the purposes of resolution. The resolution source for this market is information released by the Bank of Canada after its January 28, 2026 policy meeting, as listed on the official Bank of Canada calendar: https://www.bankofcanada.ca/core-functions/monetary-policy/key-interest-rate/#target-dates This market may resolve as soon as the Bank of Canada's statement for their January meeting with relevant data is issued. If no statement is released by the end date of the next scheduled meeting, this market will resolve to the "No change" bracket.