Beginning on March 19, 2025, the Bank of Canada will publish the weighted average mean and mode of the daily Canadian Overnight Repo Rate Average (CORRA) distribution alongside the existing CORRA benchmark rate, which is based on the median. These supplementary metrics will be published to enhance transparency about the distribution of the repo transactions underlying CORRA.
The weighted average mean and mode will be published on the CORRA webpage and will be available retroactively from June 12, 2020. More information on these additional metrics can be found on The Uses and Limitations of CORRA Transparency Metrics: Beyond Percentiles and Volumes webpage on the Bank’s website.
Director
Financial Markets Department
Assistant Director
Financial Markets Department