• Rates
  • Canada

Overnight Money Market Financing Rate

Canadian Overnight Money Market Financing Rate

The average rate that financial institutions pay to borrow overnight money from institutions with surplus funds. Changes to this rate can influence interest rates banks charge for commercial loans as well as the yield on bonds and other fixed income instruments.

Date Value Previous Change
May 25, 2020 0.2402 0.2383 +0.19 bps
May 22, 2020 0.2383 0.2323 +0.60 bps
May 21, 2020 0.2323 0.2295 +0.28 bps
May 20, 2020 0.2295 0.2219 +0.76 bps
May 19, 2020 0.2219 0.2233 -0.14 bps
May 15, 2020 0.2233 0.2233 -- 
May 14, 2020 0.2233 0.2259 -0.26 bps
May 13, 2020 0.2259 0.2258 +0.01 bps
May 12, 2020 0.2258 0.2212 +0.46 bps
May 11, 2020 0.2212 0.2179 +0.33 bps
Your capital is at risk. Losses can exceed investment. Leverage trading is high risk and not for everyone.