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040 |aCaOODSP|beng|erda|cCaOODSP
0410 |aeng|beng|bfre
043 |an-cn---
0861 |aFB3-8/2026-15E-PDF
1001 |aFontaine, Jean-Sébastien, |eauthor.
24512|aA buoy on funding tides : |bhow client repo demand and dealer constraints lifted CORRA / |cJean-Sébastien Fontaine, Neil Maru, Sofia Tchamova.
2462 |aBuoy on funding tides : |bhow client repo demand and dealer constraints lifted Canadian Overnight Repo Rate Average
264 1|a[Ottawa] : |bBank of Canada = Banque du Canada, |cMay 7, 2026.
264 4|c©2026
300 |a1 online resource (ii, 13 pages) : |bcharts.
336 |atext|btxt|2rdacontent
337 |acomputer|bc|2rdamedia
338 |aonline resource|bcr|2rdacarrier
4901 |aStaff analytical paper = |aDocument analytique du personnel, |x3110-9195 ; |v2026-15
500 |aCover title.
504 |aIncludes bibliographical references.
520 |a"The CORRA benchmark interest rate experienced sustained pressures in Canada around the Fall of 2025. The growing imbalance between repo lenders and borrowers meant that funding markets increasingly relied on Canadian banks’ balance sheets to absorb this funding gap. The Bank of Canada’s adjustments to its term repo operations, together with an eventual reduction in the imbalance between lenders and borrowers, both contributed to relieve pressures. The episode highlights that pressures on the CORRA benchmark can emerge from the interaction of client borrowing behavior, dealer balance sheet constraints, even if the level of settlement balances is in a range deemed sufficient to meet the requirement of the payment system and the prudential demand of its members"--Abstract.
546 |aIncludes abstract in French.
650 0|aInterest rates|zCanada.
650 0|aMonetary policy|zCanada.
650 6|aTaux d'intérêt|zCanada.
650 6|aPolitique monétaire|zCanada.
7102 |aBank of Canada, |eissuing body.
830#0|aStaff analytical paper (Bank of Canada)|x3110-9195 ; |v2026-15.|w(CaOODSP)9.958938
85640|qPDF|s552 KB|uhttps://publications.gc.ca/collections/collection_2026/banque-bank-canada/FB3-8-2026-15-eng.pdf