Canada Benchmarks

The complete Canadian benchmark rate set - Canada Prime, BOC Overnight, CORRA, Term CORRA, Government of Canada bond yields, and Canada Mortgage Bond rates. The foundational reference rates for Canadian commercial real estate lending and floating-rate Canadian dollar debt.

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Commercial Lending Key Rates (CA)

The core Canadian benchmark rates used to price variable-rate commercial mortgages, construction loans, and lines of credit. Canada Prime Rate moves with Bank of Canada policy. CORRA is Canada's risk-free overnight benchmark, replacing CDOR.

  • Canada Prime Rate
  • BOC Overnight Rate
  • CORRA Overnight Rate

Government of Canada Rates

Federal government bond yields across key maturities. Fixed mortgage rates in Canada generally track the 3, 5, 7, and 10-year GOC yields rather than the Bank of Canada policy rate.

  • 1-Year Government of Canada Bond
  • 2-Year Government of Canada Bond
  • 5-Year Government of Canada Bond
  • 10-Year Government of Canada Bond

Canada Mortgage Bond Rates

Government-guaranteed bonds issued by CMHC to fund insured mortgage lending. CMB yields are the primary benchmark for fixed-rate commercial and multi-unit residential mortgages in Canada. The 5-year CMB is the most widely referenced.

  • 5-Year Canada Mortgage Bond
  • 10-Year Canada Mortgage Bond

Term CORRA

The forward-looking version of CORRA used in floating-rate commercial and construction loans. Available in 1-month and 3-month tenors. Replacing CDOR as the standard floating-rate reference for Canadian dollar lending.

  • 1-Month CORRA Term Rate
  • 3-Month CORRA Term Rate