Canadian Overnight Repo Rate Average (CORRA)

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

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

2021-06-04 2021-06-07 2021-06-08 2021-06-09 2021-06-10
Canadian Overnight Repo Rate Average (CORRA) (%) 0.1800 0.1800 0.1700 0.1700 0.1800
Total dollar trading volume of all trades eligible for CORRA ($) 14,316,355,479 16,793,055,343 16,917,318,659 13,050,307,603 13,088,584,533
Trimmed dollar volume of trades eligible for CORRA ($) 10,737,266,609 12,594,791,507 12,687,988,994 9,787,730,702 9,816,438,400
Number of unique data submitters for CORRA 13 13 13 13 14
Rate at which daily CORRA trading volume is trimmed (%) 0.1500 0.1600 0.1500 0.1500 0.1500
Rate at 5th percentile of the trimmed trading volume (%) 0.1600 0.1600 0.1500 0.1600 0.1500
Rate at 25th percentile of the trimmed trading volume (%) 0.1700 0.1700 0.1600 0.1600 0.1700
Rate at 75th percentile of the trimmed trading volume (%) 0.1800 0.1800 0.1800 0.1800 0.2000
Rate at 95th percentile of the trimmed trading volume (%) 0.2000 0.2200 0.2000 0.2000 0.2200
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.

2021‑06‑072021‑06‑082021‑06‑092021‑06‑102021‑06‑11
CORRA Compounded Index100.20261476100.20310891100.20357561100.20404231100.20453647