Canadian Overnight Repo Rate Average

CORRA is Canada’s risk-free rate. View or download the latest data for CORRA and its transparency metrics, or for the CORRA Compounded Index.

CORRA measures the cost of overnight general collateral funding in Canadian dollars using Government of Canada treasury bills and bonds as collateral for repurchase transactions. The Bank provides CORRA as a public good, at no cost to users and data distributors. See also:

Recent data: CORRA

Our Valet API is designed to help you integrate your applications and processes with our data. For details, please see our documentation.

CORRA rate

Published every business day between 9:00 and 11:00 ET.

2025-09-26 2025-09-29 2025-09-30 2025-10-01 2025-10-02
Canadian Overnight Repo Rate Average (CORRA) (%) 2.5600 2.5600 Bank holiday 2.5600 2.5600
Total dollar trading volume of all trades eligible for CORRA ($) 44,954,192,409 49,176,784,821 Bank holiday 51,948,187,410 48,359,759,188
Trimmed dollar volume of trades eligible for CORRA ($) 33,715,644,307 36,882,588,616 Bank holiday 38,961,140,558 36,269,819,391
Number of unique data submitters for CORRA 14 14 Bank holiday 14 14
Rate at which daily CORRA trading volume is trimmed (%) 2.5000 2.5100 Bank holiday 2.5000 2.5000
Rate at 5th percentile of the trimmed trading volume (%) 2.5000 2.5100 Bank holiday 2.5100 2.5100
Rate at 25th percentile of the trimmed trading volume (%) 2.5300 2.5400 Bank holiday 2.5500 2.5500
Rate at 75th percentile of the trimmed trading volume (%) 2.6000 2.6000 Bank holiday 2.6000 2.6000
Rate at 95th percentile of the trimmed trading volume (%) 2.6100 2.6500 Bank holiday 2.6200 2.6200
Publication status Published Published - Published Published
Calculation methodology Standard Standard - Standard Standard

Note: Revised data are marked with an "R".

CORRA transparency metrics: mean and mode

For background information, see The Uses and Limitations of CORRA Transparency Metrics: Beyond Percentiles and Volumes.

Published every business day between 9:00 and 11:00 ET.

2025-09-26 2025-09-29 2025-09-30 2025-10-01 2025-10-02
Canadian Overnight Repo Rate Average (CORRA) (%) 2.5600 2.5600 Bank holiday 2.5600 2.5600
Mean 2.5565 2.5647 Bank holiday 2.5706 2.5684
Mode 2.60 2.51 Bank holiday 2.55 2.56

Note: Revised data are marked with an "R".

Recent data: CORRA Compounded Index

Our Valet API is designed to help you integrate your applications and processes with our data. For details, please see our documentation.

The CORRA Compounded Index is a measure of the cumulative impact of CORRA compounding over time, starting from a base value of 100 on June 12, 2020. The index can be used to calculate CORRA compounded between any two dates. This index is provided for informational purposes only. For details, see the CORRA Compounded Index methodology and usage.

Published every business day at 11:30 ET.

2025‑09‑292025‑09‑302025‑10‑012025‑10‑022025‑10‑03
CORRA Compounded Index114.64059138Bank holiday114.65667248114.66471415114.67275639

Calculator

Obtain the Daily Compounded CORRA rate (%) for a selected observation period. This rate can be used to calculate the interest amount for a security, such as a floating rate note or for a loan, a derivative or a financial contract that references CORRA. For details, see the methodology and recommended conventions.