BROWSE

Canadian Overnight Money Market Rate

What is 'Canadian Overnight Money Market Rate'

A measure or estimate of the rate at which major dealers are able to arrange financing of securities inventory for one business day. It is compiled by the Bank of Canada at the end of the day through a survey of major participants in the overnight market.

Explaining 'Canadian Overnight Money Market Rate'

The Canadian overnight money market rate comprises the weighted-average repo funding cost of major money market dealers. It is a less volatile measure of the collateralized overnight rate than other rates as it represents a greater volume of overnight transactions from more participants.


Further Reading


Lending rate stickiness and monetary transmission mechanism: the case of Canada and the United States
www.tandfonline.com [PDF]
… REFERENCES Armour, J., Engert, W. and Fung, BSC (1996) Overnight rate innovations as a measure of … Daniel, F., Friedman, C. and Goodlet, C. (1992±93) Restructuring of the Canadian ®nancial industry … bill mar- ket and its role in monetary policy, Bank of Canada Review, 35 …

Monetary and banking policy transmission through interest rates: an empirical application to the USA, Canada, the UK and the EurozoneMonetary and banking policy transmission through interest rates: an empirical application to the USA, Canada, the UK and the Eurozone
www.tandfonline.com [PDF]
… REFERENCES Armour, J., Engert, W. and Fung, BSC (1996) Overnight rate innovations as a measure of … Daniel, F., Friedman, C. and Goodlet, C. (1992±93) Restructuring of the Canadian ®nancial industry … bill mar- ket and its role in monetary policy, Bank of Canada Review, 35 …

The impact of monetary policy shocks on stock prices: Evidence from Canada and the United StatesThe impact of monetary policy shocks on stock prices: Evidence from Canada and the United States
www.sciencedirect.com [PDF]
… REFERENCES Armour, J., Engert, W. and Fung, BSC (1996) Overnight rate innovations as a measure of … Daniel, F., Friedman, C. and Goodlet, C. (1992±93) Restructuring of the Canadian ®nancial industry … bill mar- ket and its role in monetary policy, Bank of Canada Review, 35 …

Measuring regional effects of monetary policy in CanadaMeasuring regional effects of monetary policy in Canada
www.tandfonline.com [PDF]
… REFERENCES Armour, J., Engert, W. and Fung, BSC (1996) Overnight rate innovations as a measure of … Daniel, F., Friedman, C. and Goodlet, C. (1992±93) Restructuring of the Canadian ®nancial industry … bill mar- ket and its role in monetary policy, Bank of Canada Review, 35 …

The implementation of monetary policy in CanadaThe implementation of monetary policy in Canada
www.econstor.eu [PDF]
… REFERENCES Armour, J., Engert, W. and Fung, BSC (1996) Overnight rate innovations as a measure of … Daniel, F., Friedman, C. and Goodlet, C. (1992±93) Restructuring of the Canadian ®nancial industry … bill mar- ket and its role in monetary policy, Bank of Canada Review, 35 …

Uncollateralized overnight lending in CanadaUncollateralized overnight lending in Canada
www.tandfonline.com [PDF]
… REFERENCES Armour, J., Engert, W. and Fung, BSC (1996) Overnight rate innovations as a measure of … Daniel, F., Friedman, C. and Goodlet, C. (1992±93) Restructuring of the Canadian ®nancial industry … bill mar- ket and its role in monetary policy, Bank of Canada Review, 35 …

Financial innovation in Canada: Causes and consequencesFinancial innovation in Canada: Causes and consequences
www.jstor.org [PDF]
… REFERENCES Armour, J., Engert, W. and Fung, BSC (1996) Overnight rate innovations as a measure of … Daniel, F., Friedman, C. and Goodlet, C. (1992±93) Restructuring of the Canadian ®nancial industry … bill mar- ket and its role in monetary policy, Bank of Canada Review, 35 …

Monetary base endogeneity and the new procedures of the asset-based Canadian and American monetary systemsMonetary base endogeneity and the new procedures of the asset-based Canadian and American monetary systems
www.tandfonline.com [PDF]
… REFERENCES Armour, J., Engert, W. and Fung, BSC (1996) Overnight rate innovations as a measure of … Daniel, F., Friedman, C. and Goodlet, C. (1992±93) Restructuring of the Canadian ®nancial industry … bill mar- ket and its role in monetary policy, Bank of Canada Review, 35 …

A black swan in the money marketA black swan in the money market
www.aeaweb.org [PDF]
… REFERENCES Armour, J., Engert, W. and Fung, BSC (1996) Overnight rate innovations as a measure of … Daniel, F., Friedman, C. and Goodlet, C. (1992±93) Restructuring of the Canadian ®nancial industry … bill mar- ket and its role in monetary policy, Bank of Canada Review, 35 …



Q&A About Canadian Overnight Money Market Rate


Why do you need to know about this rate?

This information can be used by investors to make appropriate investment decisions.

How does the Bank of Canada compile this rate?

Through a survey of major participants in the overnight market.

Who compiles this rate?

The Bank of Canada does.

What is included in this survey?

Participants include major money market dealers.

What is the Canadian overnight money market rate?

The Canadian overnight money market rate is a measure or estimate of the rate at which major dealers are able to arrange financing of securities inventory for one business day.

Leave a Reply

Your email address will not be published. Required fields are marked *