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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
CanadaCanada BoC Senior Loan Officer Survey fell to 1 in April 2026
FMPMonthlyReleased May 2026
Canada BoC Senior Loan Officer Survey fell to 1 in April 2026, released May 2026, down 1.8 from March's 2.8 reading.
Latest Release
1.000000
Actual
—
Consensus
2.800000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/CAD | ▼ Inverse | −0.50 | FOREX | Bullish CAD | → View |
| CAD/JPY | ▲ Direct | +0.45 | FOREX | Bullish CAD | → View |
| WTI Crude | ▲ Direct | +0.40 | COMMODITIES | Watch | → View |
| EUR/CAD | ▼ Inverse | −0.35 | FOREX | Bullish CAD | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
BoC Senior Loan Officer Survey (Canada) was reported at 1.00 in May 2026. The reading fell from the previous value of 2.80. Trailing 12-month context per ETL data through May 2026.
WHY IT MATTERS
The trailing three releases averaged 1.50, up from the prior three at 0.10.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/CAD (Bullish CAD). A secondary relationship exists with CAD/JPY, positively correlated (Bullish CAD).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include New Housing Price Index MoM (Jun 17) and Retail Sales MoM (Jun 19).
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
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BoC Senior Loan Officer Survey - CA
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About BoC Senior Loan Officer Survey — Canada
DEFINITION
The BoC Senior Loan Officer Survey is a key financial indicator that provides insights into the lending practices and credit conditions of Canadian banks. Conducted by the Bank of Canada, this survey collects data from senior loan officers at major financial institutions to assess the current state of the credit market and potential risks to the economy. The results of this survey are closely monitored by policymakers, investors, and businesses as it can offer valuable information on the overall health of the financial system and potential changes in lending standards.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (May 2026): actual 1. Prior reading (Feb 2026): 2.8. Before that (Nov 2025): 0.7.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with USD/CAD (Bullish CAD, r=-0.50) — a useful reference for forex-focused traders.