Cash Rate

Bank of Canada

Canadian Overnight Repo Rate Average (CORRA)

View on Canada desk

2.29%

+0.01 pp (+0.44%)

As of 15 Sep 2026 | Daily (Canadian overnight repo market rate)

Mean
2.39%
Median
2.26%
Min
0.10% 31 Dec 2021
Max
6.02% 30 Oct 1998
DateRate
15 Sep 20262.29
31 Aug 20262.27
31 Jul 20262.37
30 Jun 20262.34
29 May 20262.25
30 Apr 20262.30
31 Mar 20262.27
27 Feb 20262.29
30 Jan 20262.30
31 Dec 20252.30
28 Nov 20252.25
31 Oct 20252.35
29 Sep 20252.56
29 Aug 20252.77
31 Jul 20252.76
30 Jun 20252.75
30 May 20252.76
30 Apr 20252.77
31 Mar 20252.77
28 Feb 20253.00
31 Jan 20253.05
31 Dec 20243.32
29 Nov 20243.78
31 Oct 20243.84

About CORRA

CORRA is the Canadian Overnight Repo Rate Average (Valet AVG.INTWO). Current: 2.29% on 15 Sep 2026. Canada’s risk-free overnight rate; the Bank of Canada publishes it and does not set it.

Chart and long-run stats use month-ends; the headline is the latest daily print. From 28 Aug 1997 to 15 Sep 2026 (350 months): mean 2.39%, median 2.26%; low 0.10% (31 Dec 2021), high 6.02% (30 Oct 1998). Not the overnight rate target, and not a mortgage or deposit rate.

Source: Bank of Canada Valet API, series AVG.INTWO (CORRA). Licence: Bank of Canada website terms: free use, copy and distribute with attribution (terms). Files: data/raw/boc-corra.json.

Reading this series

CORRA, the Canadian Overnight Repo Rate Average, is the risk-free overnight benchmark for the Canadian dollar, calculated from repo transactions in Government of Canada securities. The Bank of Canada publishes it from its Valet API as series AVG.INTWO; history here begins in 1997. The Bank does not set CORRA — it is a market rate — so it moves with overnight funding conditions and is not stepped. It is distinct from the Bank's overnight rate target, which is a policy setting.

The headline is the latest daily print, while the chart and long-run statistics use month-ends. Read the value with its as-of date, then the "versus the previous reading" line for the most recent move. Mean, median, low and high summarise the observations in this build and are not official figures. Chart and Table show the same data in two forms, the range buttons only filter what is drawn, and Explore adds zoom and pan only when requested. CORRA is a benchmark rate, not the overnight target and not a mortgage or deposit rate.

About this desk

The Switzerland desk leads with the SNB policy rate, from the BIS central bank policy rate series for Switzerland, then ECB, UK and US rates. The BIS series is the SNB policy rate from June 2019, the mid-point of the SNB's target range for the three-month Libor from 2000 to 2019, and the discount rate before that — stitched into one comparable series and drawn as daily steps. It is a policy rate, not a mortgage or deposit rate.

All desks show the same build-wide series in a different order, so switching desks changes the menu, not the figures. Values are republished with attribution to the BIS, and this page is not an official BIS publication. The build ingests no Swiss retail rate series, so none is shown. This is not financial advice, and readings may lag their source.