Notice: Since 30 March 2015 Thomson Reuters Benchmark Services Limited has been responsible for the calculation of the CORRA rate. This rate, as calculated by Thomson Reuters, is published by the Bank at the end of the day. (More information).
Notice: As part of a periodic exercise to review and update current definitions, the Overnight Money Market Financing Rate (OMMFR) has been updated to provide more clarity on the calculation of this metric, specifically the types of collateral and transactions that are included. Also as part of this review, effective 1 October 2016, the Bank of Canada will be delaying the publication of the OMMFR by an additional business day. Hence, from that date, the OMMFR will be available shortly after 9:00 ET two business days following its calculation. (More information).
|Overnight Money Market Financing Rate (1)||0.4920||0.4988||0.4980||0.4898||NA|
|Overnight Repo Rate (CORRA) (2)||0.4627||0.5000||0.4987||0.4839||NA|
|Prime Corporate Paper Rate - 1 Month||0.81||0.81||0.81||0.81||0.81|
|Prime Corporate Paper Rate - 2 Month||0.82||0.82||0.82||0.82||0.82|
|Prime Corporate Paper Rate - 3 Month||0.85||0.85||0.85||0.85||0.85|
|Treasury Bills - 1 Month||0.43||0.43||0.45||0.44||0.44|
|Treasury Bills - 2 Month||0.47||0.48||0.48||0.48||0.49|
|Treasury Bills - 3 Month||0.50||0.50||0.51||0.49||0.52|
|Treasury Bills - 6 Month||0.54||0.54||0.56||0.55||0.54|
|Treasury Bills - 1 Year||0.63||0.64||0.63||0.62||0.62|
- The overnight money market rate is the Bank of Canada estimate for the rate at which major dealers are able to arrange financing of securities inventory for a term of one business day.
- The Canadian Overnight Repo Rate Average (CORRA) is a measure of the average cost of overnight collateralized funding. Thomson Reuters Benchmark Services Limited is the administrator, calculation agent and publication agent for CORRA, effective 30 March 2015.