Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening

After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% over 20.

• Jan 9, 2019Bank of Canada maintains overnight rate target at 1 ¾ per cent - Bank of Canada+4.5%
• Dec 5, 2018Bank of Canada maintains overnight rate target at 1 ¾ per cent - Bank of Canada-3.0%
• Oct 23, 2018As Expected the Bank of Canada Raises it’s Benchmark Overnight Rate. - OFX (HK)-3.2%
• May 31, 2023Canada's Q1 growth outperforms, increases odds for rate hike | Reuters+3.3%
• Jan 18, 2017C$ pares recent gains ahead of Bank of Canada rate decision+0.4%

Not enough comparable past events yet for a historical read.