Canadian Overnight Repo Rate Average (CORRA)

View or download the latest data for CORRA, Canada’s risk-free rate. See the methodology for details on calculation, publishing and governance.

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.

Recent data

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2020-07-03 2020-07-06 2020-07-07 2020-07-08 2020-07-09
Canadian Overnight Repo Rate Average (CORRA) (%) 0.2200 0.2200 0.2500 0.2500 0.2500
Total dollar trading volume of all trades eligible for CORRA ($) 10,107,739,597 9,400,116,007 9,932,939,595 9,767,075,805 10,505,566,719
Trimmed dollar volume of trades eligible for CORRA ($) 7,580,804,698 7,050,087,005 7,449,704,696 7,325,306,854 7,879,175,039
Number of unique data submitters for CORRA 12 14 14 13 14
Rate at which daily CORRA trading volume is trimmed (%) 0.1800 0.1800 0.1900 0.2000 0.2000
Rate at 5th percentile of the trimmed trading volume (%) 0.1900 0.1800 0.2000 0.2000 0.2200
Rate at 25th percentile of the trimmed trading volume (%) 0.2000 0.2000 0.2200 0.2200 0.2300
Rate at 75th percentile of the trimmed trading volume (%) 0.2500 0.2500 0.2500 0.2500 0.2500
Rate at 95th percentile of the trimmed trading volume (%) 0.2500 0.2500 0.2500 0.2500 0.2500
Publication status Published Published Published Published Published
Calculation methodology Standard Standard Standard Standard Standard

Note: Revised data are marked with an R.