00000cam 2200000zi 4500 9.962940 CaOODSP 20260525144649 m o d f cr |n||||||||| 260521e20260507oncd ob f|0| 0 eng d CaOODSP eng rda CaOODSP eng eng fre n-cn--- FB3-8/2026-15E-PDF Fontaine, Jean-Sébastien, author. A buoy on funding tides : how client repo demand and dealer constraints lifted CORRA / Jean-Sébastien Fontaine, Neil Maru, Sofia Tchamova. Buoy on funding tides : how client repo demand and dealer constraints lifted Canadian Overnight Repo Rate Average [Ottawa] : Bank of Canada = Banque du Canada, May 7, 2026. ©2026 1 online resource (ii, 13 pages) : charts. text txt rdacontent computer c rdamedia online resource cr rdacarrier Staff analytical paper = Document analytique du personnel, 3110-9195 ; 2026-15 Cover title. Includes bibliographical references. "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. Includes abstract in French. Interest rates Canada. Monetary policy Canada. Taux d'intérêt Canada. Politique monétaire Canada. Bank of Canada, issuing body. Staff analytical paper (Bank of Canada) 3110-9195 ; 2026-15. (CaOODSP)9.958938 PDF 552 KB https://publications.gc.ca/collections/collection_2026/banque-bank-canada/FB3-8-2026-15-eng.pdf