Announcement on Canada’s Overnight Interest Rate Benchmark

 OTTAWA – On Tuesday, July 16, 2019, the Bank of Canada will provide an update on the Canadian Alternative Reference Rate Working Group’s work to strengthen the Canadian Overnight Repo Rate Average (CORRA), an important benchmark for Canadian dollar financial markets.  


10:00 (Eastern Time)


At 8:30 (ET), journalists are invited to review the press release and background information, under embargo, at the Bank’s head office in Ottawa (please use the Bank of Canada Museum entrance, located at 30 Bank Street, on the corner of Bank and Wellington).

Journalists may also attend at the regional offices in Toronto (Boardroom, 20th Floor, 150 King Street West) and Montréal (Salle Bernard-Bonin, 20th Floor, 1501 McGill College Avenue). Please be sure to have your press card with you.

For security reasons, those wishing to attend must confirm their presence by calling Media Relations at 613-782-8782 before noon (ET) on Monday, July 15, 2019. Journalists who have not registered will not be admitted to the lock-up. At about 09:00 (ET), senior Bank officers will provide an on-the-record briefing session and respond to questions. Journalists may record the session.

At 10:00 (ET), the lock-up ends and the embargo is lifted.


The press release and background material will be available at 10:00 (ET) on the Bank’s website.


For more information, please contact Media Relations at 613-782-8782.

Content Type(s): Press, Media advisories