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 Japan desk leads with the BIS central bank policy rate series for Japan, compiled by the BIS with the Bank of Japan, then US, Korea and ECB rates. The BIS series follows whichever instrument the authorities treat as the policy rate in each period — today the uncollateralised overnight call rate — and is shown as daily steps from 1946. It is a compiled policy measure, not a mortgage or deposit rate.

All desks show the same official series in a different order; the figures do not change when you switch. Values are republished with attribution to the BIS, and this site is not an official BIS publication. The build ingests no Japanese retail lending series, so those pages are absent rather than estimated. Nothing here is financial advice, and readings may lag their source.