The January reform has worked to restore market liquidity. The Canadian Overnight Repo Rate Average, known as Corra, priced at 2.99% on Friday, just below the Bank of Canada’s policy rate of 3%.

PD repo desks are increasing the amount of funding they are providing to clients through the repo market. As the 2023 Canadian bank financial year-end (October 31, 2023) and calendar year-end ...

6 Because investors may borrow cash to gain leverage when trading the cash-futures basis, an increase in basis trading volumes is likely to translate into higher trading volumes in the Canadian repo ...