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.

2025-06-26 2025-06-27 2025-06-30 2025-07-01 2025-07-02
Canadian Overnight Repo Rate Average (CORRA) (%) 2.7500 2.7500 2.7500 Bank holiday 2.7500
Total dollar trading volume of all trades eligible for CORRA ($) 47,687,449,816 44,082,009,456 41,308,274,071 Bank holiday 49,075,996,410
Trimmed dollar volume of trades eligible for CORRA ($) 35,765,587,362 33,061,507,092 30,981,205,553 Bank holiday 36,806,997,308
Number of unique data submitters for CORRA 14 14 13 Bank holiday 13
Rate at which daily CORRA trading volume is trimmed (%) 2.7200 2.7300 2.7000 Bank holiday 2.7000
Rate at 5th percentile of the trimmed trading volume (%) 2.7300 2.7300 2.7000 Bank holiday 2.7200
Rate at 25th percentile of the trimmed trading volume (%) 2.7500 2.7500 2.7400 Bank holiday 2.7500
Rate at 75th percentile of the trimmed trading volume (%) 2.7600 2.7600 2.7600 Bank holiday 2.7500
Rate at 95th percentile of the trimmed trading volume (%) 2.8300 2.8200 2.8300 Bank holiday 2.8300
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.

2025-06-26 2025-06-27 2025-06-30 2025-07-01 2025-07-02
Canadian Overnight Repo Rate Average (CORRA) (%) 2.7500 2.7500 2.7500 Bank holiday 2.7500
Mean 2.7622 2.7621 2.7586 Bank holiday 2.7582
Mode 2.75 2.75 2.75 Bank holiday 2.75

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.

2025‑06‑272025‑06‑302025‑07‑012025‑07‑022025‑07‑03
CORRA Compounded Index113.83401604113.85974565Bank holiday113.87690260113.88548236

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.