Compounded CORRA Rates: 1M, 3M, 6M & 12M
Daily compounded CORRA over 1, 3, 6 and 12 month interest periods, calculated in arrears from official Bank of Canada CORRA fixings.
| Date | CORRA | 1 Month CORRA | 3 Month CORRA | 6 Month CORRA | 12 Month CORRA |
|---|---|---|---|---|---|
| 21 Aug 2026 | 2.25000% | 2.29532% | 2.29495% | 2.29731% | 2.37490% |
| 20 Aug 2026 | 2.25000% | 2.29661% | 2.29506% | 2.29743% | 2.37633% |
| 19 Aug 2026 | 2.26000% | 2.29738% | 2.29495% | 2.29738% | 2.37773% |
| 18 Aug 2026 | 2.26000% | 2.29841% | 2.29383% | 2.29732% | 2.37916% |
| 17 Aug 2026 | 2.27000% | 2.29918% | 2.29394% | 2.29721% | 2.38304% |
| 14 Aug 2026 | 2.26000% | 2.30275% | 2.29429% | 2.29692% | 2.38482% |
| 13 Aug 2026 | 2.27000% | 2.30372% | 2.29407% | 2.29693% | 2.38620% |
| 12 Aug 2026 | 2.27000% | 2.30467% | 2.29385% | 2.29693% | 2.38760% |
| 11 Aug 2026 | 2.27000% | 2.30561% | 2.29363% | 2.29704% | 2.38898% |
| 10 Aug 2026 | 2.28000% | 2.30629% | 2.29298% | 2.29710% | 2.39270% |
As of , compounded CORRA (in arrears) is 2.29532% over one month, 2.29495% over three months, 2.29731% over six months and 2.37490% over twelve months.
Compounded in arrears with no lookback, Actual/365 day count and unshifted accrual calendar, consistent with Canadian market conventions.
Compounded CORRA Chart
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“I do debt service forecasting for any of the facilities where we have floating rate exposure… I like this option to just pull the forward curve monthly or quarterly going out.”
That's what the last period cost. See where it's heading.
Compounded CORRA tells you what an interest period has already cost. Forward rates imply the path of future fixings: what your next period is likely to cost, straight from today's market pricing.
See the CORRA forward curveDaily CORRA fixings in Excel & API
If you're rebuilding this table in a spreadsheet every month-end, you don't need a rate, you need a feed. One function, official fixings, straight into your accrual model.
// Excel: any day's CORRA fixing in a cell =BlueGamma.FIXING("CORRA", accrual_date) # API: the same rate, one GET away GET api.bluegamma.io/v1/fixing ?index=CORRA&valuation_date=YYYY-MM-DD x-api-key: your_api_key
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FAQs
CORRA (the Canadian Overnight Repo Rate Average) is Canada’s risk-free overnight benchmark, administered and published each business day by the Bank of Canada. It measures the cost of overnight funding in the Canadian repo market and replaced CDOR as the reference rate for CAD floating-rate loans and derivatives.
A backward-looking interest rate calculated by compounding daily CORRA fixings in arrears over an interest period such as 1, 3, 6 or 12 months. It represents the realised cost of that period, and is commonly used in Canadian floating-rate debt, derivatives and internal valuations.
Daily Bank of Canada CORRA fixings are compounded in arrears over the interest period with a 0-day lookback, so compounding starts on the actual start date of the accrual period. The day count is Actual/365, and if the period starts on a weekend or holiday the preceding business day’s fixing applies for those stub days.
Checking compounded interest between two exact dates? Use our free Risk Free Rate Calculator.
Term CORRA is forward-looking: a rate for the coming 1 or 3 months, derived from CORRA futures and published by CanDeal and TMX. Compounded CORRA is backward-looking, based on realised overnight fixings over a period that has already ended.
Read more in our Term CORRA explainer.
More on CORRA
CORRA Forward Curve
The market-implied path for CORRA: live forward curve, charted and downloadable.
Risk Free Rate Calculator
Compound CORRA over the exact start and end dates of your interest period.
CAD Swap Rates
Live and historical CORRA swap rates across all liquid tenors.
Bank of Canada Rate Forecast
Where the market expects the Bank of Canada to take its policy rate next, updated daily.
What is Term CORRA?
How the forward-looking term rate differs from compounded CORRA, and when each is used.
CORRA fixing today
Today's official CORRA print with day-over-day change and daily history.