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.

2025-04-18 2025-04-21 2025-04-22 2025-04-23 2025-04-24
Canadian Overnight Repo Rate Average (CORRA) (%) Bank holiday 2.7500 2.7500 2.7600 2.7500
Total dollar trading volume of all trades eligible for CORRA ($) Bank holiday 43,332,290,568 47,260,959,831 58,043,614,655 50,692,429,686
Trimmed dollar volume of trades eligible for CORRA ($) Bank holiday 32,499,217,926 35,445,719,873 43,532,710,991 38,019,322,264
Number of unique data submitters for CORRA Bank holiday 15 14 14 14
Rate at which daily CORRA trading volume is trimmed (%) Bank holiday 2.7200 2.7300 2.7400 2.7200
Rate at 5th percentile of the trimmed trading volume (%) Bank holiday 2.7300 2.7300 2.7400 2.7400
Rate at 25th percentile of the trimmed trading volume (%) Bank holiday 2.7500 2.7500 2.7500 2.7500
Rate at 75th percentile of the trimmed trading volume (%) Bank holiday 2.8100 2.7600 2.8000 2.7600
Rate at 95th percentile of the trimmed trading volume (%) Bank holiday 2.8700 2.8700 2.8600 2.8600
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.

2025-04-18 2025-04-21 2025-04-22 2025-04-23 2025-04-24
Canadian Overnight Repo Rate Average (CORRA) (%) Bank holiday 2.7500 2.7500 2.7600 2.7500
Mean Bank holiday 2.7737 2.7704 2.7786 2.7687
Mode Bank holiday 2.75 2.75 2.75 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.

2025‑04‑212025‑04‑222025‑04‑232025‑04‑242025‑04‑25
CORRA Compounded Index113.26025639113.26878970113.27732365113.28588928113.29442451

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.