Canadian Overnight Repo Rate Average

View or download the latest data for CORRA, Canada’s risk-free rate and 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:

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. See the CORRA Compounded Index methodology and usage.

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.

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

2024-12-05 2024-12-06 2024-12-09 2024-12-10 2024-12-11
Canadian Overnight Repo Rate Average (CORRA) (%) 3.7800 3.7900 3.7900 3.7900 3.7800
Total dollar trading volume of all trades eligible for CORRA ($) 40,796,327,403 49,593,588,863 43,436,454,785 48,864,737,298 55,499,418,667
Trimmed dollar volume of trades eligible for CORRA ($) 30,597,245,552 37,195,191,647 32,577,341,089 36,648,552,974 41,624,564,000
Number of unique data submitters for CORRA 15 14 14 14 15
Rate at which daily CORRA trading volume is trimmed (%) 3.7200 3.7200 3.7200 3.7200 3.7200
Rate at 5th percentile of the trimmed trading volume (%) 3.7200 3.7200 3.7300 3.7300 3.7200
Rate at 25th percentile of the trimmed trading volume (%) 3.7500 3.7600 3.7600 3.7600 3.7600
Rate at 75th percentile of the trimmed trading volume (%) 3.8300 3.8300 3.8300 3.8400 3.8500
Rate at 95th percentile of the trimmed trading volume (%) 3.8600 3.8600 3.8600 3.8600 3.8600
Publication status Published Published Published Published Published
Calculation methodology Standard Standard Standard Standard Standard

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.

Published every business day at 11:30 ET.

2024‑12‑052024‑12‑062024‑12‑092024‑12‑102024‑12‑11
CORRA Compounded Index111.95689987111.96849431112.00337326112.01500320112.02663435

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. See the methodology and recommended conventions for details.