Canada approves term Corra rate

CARR restricts use cases but mulls allowing interdealer hedging of derivatives on new benchmark


The Bank of Canada-backed group overseeing benchmark transition in the country has recommended moving ahead with plans for a forward-looking term version of the local secured overnight rate and is considering allowing banks to conduct interdealer transactions in derivatives based on the benchmark.

Canada is going through its own interest rate benchmark transition after Refinitiv announced in May last year that the Canadian dollar offer rate (CDOR), a rate based on an archaic type of short-term

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here