SimpleFunctions
Winner-take-all answer·5 source contracts·Kalshi 5·refreshed just now·Closes Dec 9, 2026 · 110d

Will Bank of Canada Hike rates by 0bps at their April 2026 meeting

Leader sits at 85% across 5 bound outcomes, runner-up at 27%. This is a winner-take-all market — the headline is the leader’s price, not an arithmetic mean.

Leader probability

85%

Maintains rate

runner-up 27¢leader 85¢

Outcomes

5

winner-take-all

Runner-up

27¢

Maintains rate

Spread

58pp

dominant leader

24h volume

$2K

modest

Closes

Dec 9, 2026

110 days

Venue

Kalshi

5 bound

30-day trend

0%50%100%-30d-3w-2w-1wtodayMaintains rate: 82% (30 days, 30 points)Maintains rate: 82% on 2026-08-21Maintains rate: 28% (30 days, 19 points)Maintains rate: 28% on 2026-08-20Cut 25bps: 13% on 2026-08-04
Maintains rate82¢Maintains rate28¢Cut 25bps13¢
Top 3 candidates by current price · 30d

Bracket family

How the bracket ladder is priced.

Each row is one outcome on the venue. Sorted by 24h volume — the heaviest book is at the top.

Analysis

Markets are pricing a 78% probability that the Bank of Canada will maintain its policy rate unchanged at its September 2026 meeting, reflecting expectations of ongoing monetary easing. This high probability reflects broader expectations that the central bank will continue cutting rates rather than hold steady. The key driver is the economic outlook: traders are currently pricing in larger cuts (over 25bps) at 8 cents per dollar, versus only 79 cents for a hold, suggesting the market believes conditions will warrant further loosening. The critical catalyst is economic data releases between now and September 2026—particularly inflation trends, employment figures, and GDP growth—which will determine whether the BoC maintains its current path or adjusts its stance. By December 2026, markets show even lower probability of a hold (5 cents), indicating an expectation of cumulative rate cuts through the fall.

  • September 2026 holds priced at 79¢ while cuts >25bps trade at only 8¢, indicating asymmetric market conviction toward easing rather than stability
  • December 2026 hold contracts trade at 5¢, showing markets expect the BoC will have moved toward cuts by year-end, not maintained a pause
  • Current inflation data and economic growth trends through Q3 2026 will be the primary inputs determining whether the BoC maintains, cuts, or hikes at the September decision
  • The market is actively pricing multiple consecutive cutting scenarios (25bps cuts appear in both September and December outcomes), not a prolonged hold pattern
  • Trading volume is concentrated in the larger-cut contracts ($133 daily volume) versus the hold scenario ($7 daily volume), suggesting professional positioning favors easing

What moved the line

  • Aug 17Maintains rate13pp4128¢ · Kalshi
  • Aug 18Maintains rate4pp8985¢ · Kalshi
  • Aug 15Maintains rate3pp8487¢ · Kalshi
  • Aug 20Maintains rate3pp8380¢ · Kalshi
  • Aug 20Hike 25bps3pp912¢ · Kalshi

Recently closed in general

These markets stopped trading. Last odds and any captured outcome are shown above — full settlement detail lives at the venue.

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How we compute these odds

SimpleFunctions aggregates live prediction-market contracts from Kalshi and Polymarket. Each slug groups contracts that resolve on the same underlying event, identified by venue event_id.

For binary slugs, the headline probability is the liquidity-weighted mid-price across all bound contracts. For multi-outcome slugs (e.g. elections with 3+ candidates), the headline is the leader’s price; we never arithmetically average disjoint outcomes — that would produce a number with no real-world meaning.

Snapshots refresh every 5 minutes during market hours; daily aggregates are computed at 04:00 UTC. The 30-day sparkline is drawn from per-ticker daily means stored in market_indicator_daily; 24h delta and movement events are derived from the same source.

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