Open Nshipyard
Canadian Research Economic DataCRED

Overnight Money Market Rate

(OVERNIGHT_RATE)
Observations
Sep 2026: 2.2789
Updated: 2026-10-09, 6:18:48 a.m. ET
Units
Percent,
Monthly average
Frequency
Monthly
Source
Bank of Canada, Valet
Series ID
OVERNIGHT_RATE
Valet V122514
CREDOvernight Money Market Rate
COVID-19 recessionGlobal Financial Crisis012345619962000200420082012201620202024Percent1996-01-01: 5.50571996-02-01: 5.17711996-03-01: 4.93861996-04-01: 4.75571996-05-01: 4.771996-06-01: 4.71711996-07-01: 4.54431996-08-01: 4.01571996-09-01: 4.03291996-10-01: 3.41571996-11-01: 3.00711996-12-01: 3.011997-01-01: 2.99861997-02-01: 2.98431997-03-01: 2.96291997-04-01: 3.03571997-05-01: 2.95711997-06-01: 2.96571997-07-01: 3.24291997-08-01: 3.26711997-09-01: 3.23571997-10-01: 3.541997-11-01: 3.55291997-12-01: 4.33571998-01-01: 4.28431998-02-01: 4.71141998-03-01: 4.68291998-04-01: 4.72571998-05-01: 4.73861998-06-01: 4.741998-07-01: 4.771998-08-01: 4.721998-09-01: 5.72711998-10-01: 5.23291998-11-01: 4.95141998-12-01: 5.11291999-01-01: 4.99141999-02-01: 4.99571999-03-01: 4.99431999-04-01: 4.77711999-05-01: 4.59291999-06-01: 4.59571999-07-01: 4.61141999-08-01: 4.62291999-09-01: 4.57861999-10-01: 4.60571999-11-01: 4.77141999-12-01: 4.75862000-01-01: 4.772000-02-01: 4.97142000-03-01: 5.24862000-04-01: 5.25862000-05-01: 5.75292000-06-01: 5.752000-07-01: 5.72712000-08-01: 5.75142000-09-01: 5.74292000-10-01: 5.75142000-11-01: 5.752000-12-01: 5.82001-01-01: 5.49142001-02-01: 5.492001-03-01: 4.99272001-04-01: 4.74422001-05-01: 4.672001-06-01: 4.49352001-07-01: 4.24142001-08-01: 4.16792001-09-01: 3.48582001-10-01: 2.74122001-11-01: 2.59552001-12-01: 2.24442002-01-01: 1.99232002-02-01: 1.99262002-03-01: 1.99332002-04-01: 2.2442002-05-01: 2.24712002-06-01: 2.49642002-07-01: 2.74182002-08-01: 2.74482002-09-01: 2.74472002-10-01: 2.74492002-11-01: 2.74312002-12-01: 2.74392003-01-01: 2.74392003-02-01: 2.74692003-03-01: 2.9922003-04-01: 3.23732003-05-01: 3.24162003-06-01: 3.24492003-07-01: 2.99472003-08-01: 2.99722003-09-01: 2.7492003-10-01: 2.74922003-11-01: 2.74812003-12-01: 2.74812004-01-01: 2.49512004-02-01: 2.49532004-03-01: 2.24822004-04-01: 1.99592004-05-01: 1.99852004-06-01: 2.00052004-07-01: 1.99732004-08-01: 1.99792004-09-01: 2.24962004-10-01: 2.4962004-11-01: 2.49772004-12-01: 2.49992005-01-01: 2.4982005-02-01: 2.49712005-03-01: 2.47942005-04-01: 2.49542005-05-01: 2.48662005-06-01: 2.49362005-07-01: 2.49222005-08-01: 2.48822005-09-01: 2.74212005-10-01: 2.98732005-11-01: 2.98832005-12-01: 3.24372006-01-01: 3.29612006-02-01: 3.47652006-03-01: 3.72692006-04-01: 3.81822006-05-01: 4.21262006-06-01: 4.24552006-07-01: 4.24422006-08-01: 4.24272006-09-01: 4.24652006-10-01: 4.23352006-11-01: 4.24762006-12-01: 4.24822007-01-01: 4.24472007-02-01: 4.25042007-03-01: 4.24322007-04-01: 4.24712007-05-01: 4.23522007-06-01: 4.25362007-07-01: 4.5042007-08-01: 4.41582007-09-01: 4.46372007-10-01: 4.50862007-11-01: 4.51052007-12-01: 4.25972008-01-01: 4.0062008-02-01: 3.99942008-03-01: 3.45852008-04-01: 3.02982008-05-01: 2.99882008-06-01: 2.99152008-07-01: 3.01952008-08-01: 3.00032008-09-01: 2.99042008-10-01: 2.25222008-11-01: 2.24482008-12-01: 1.50172009-01-01: 1.00442009-02-01: 0.99782009-03-01: 0.48832009-04-01: 0.2482009-05-01: 0.24322009-06-01: 0.24122009-07-01: 0.24172009-08-01: 0.24252009-09-01: 0.24172009-10-01: 0.24032009-11-01: 0.24352009-12-01: 0.24552010-01-01: 0.24422010-02-01: 0.24762010-03-01: 0.24432010-04-01: 0.2482010-05-01: 0.24372010-06-01: 0.49282010-07-01: 0.742010-08-01: 0.74812010-09-01: 0.99762010-10-01: 0.99692010-11-01: 0.99972010-12-01: 0.99242011-01-01: 0.99372011-02-01: 0.99342011-03-01: 0.99442011-04-01: 0.9972011-05-01: 0.99672011-06-01: 0.99812011-07-01: 0.99862011-08-01: 0.99772011-09-01: 0.99892011-10-01: 0.99932011-11-01: 0.99832011-12-01: 0.99982012-01-01: 0.99872012-02-01: 0.99782012-03-01: 0.9982012-04-01: 1.00792012-05-01: 12012-06-01: 0.99842012-07-01: 0.99742012-08-01: 0.9992012-09-01: 0.99912012-10-01: 1.00242012-11-01: 0.99852012-12-01: 0.99822013-01-01: 1.00482013-02-01: 1.00722013-03-01: 1.00652013-04-01: 1.00362013-05-01: 1.00632013-06-01: 1.00672013-07-01: 0.99982013-08-01: 0.99782013-09-01: 0.99482013-10-01: 0.99942013-11-01: 0.99972013-12-01: 1.00122014-01-01: 0.99932014-02-01: 0.99452014-03-01: 0.9982014-04-01: 0.99782014-05-01: 0.99782014-06-01: 0.99882014-07-01: 0.9992014-08-01: 0.99762014-09-01: 0.99792014-10-01: 1.00242014-11-01: 12014-12-01: 1.01142015-01-01: 0.75022015-02-01: 0.75952015-03-01: 0.75582015-04-01: 0.74732015-05-01: 0.7272015-06-01: 0.74642015-07-01: 0.50192015-08-01: 0.50262015-09-01: 0.50022015-10-01: 0.49912015-11-01: 0.49672015-12-01: 0.52422016-01-01: 0.51532016-02-01: 0.49912016-03-01: 0.49812016-04-01: 0.50052016-05-01: 0.49742016-06-01: 0.50352016-07-01: 0.50782016-08-01: 0.49262016-09-01: 0.49692016-10-01: 0.48832016-11-01: 0.48932016-12-01: 0.49362017-01-01: 0.48852017-02-01: 0.48872017-03-01: 0.50032017-04-01: 0.49532017-05-01: 0.48862017-06-01: 0.49412017-07-01: 0.74142017-08-01: 0.74732017-09-01: 0.99412017-10-01: 0.99552017-11-01: 0.99162017-12-01: 0.9972018-01-01: 1.24612018-02-01: 1.23672018-03-01: 1.24572018-04-01: 1.24612018-05-01: 1.24342018-06-01: 1.24642018-07-01: 1.49482018-08-01: 1.49612018-09-01: 1.49792018-10-01: 1.74762018-11-01: 1.74732018-12-01: 1.75162019-01-01: 1.74622019-02-01: 1.74552019-03-01: 1.74612019-04-01: 1.74592019-05-01: 1.7452019-06-01: 1.74292019-07-01: 1.74692019-08-01: 1.74812019-09-01: 1.74542019-10-01: 1.74722019-11-01: 1.74872019-12-01: 1.74792020-01-01: 1.74872020-02-01: 1.74852020-03-01: 0.74062020-04-01: 0.23412020-05-01: 0.23792020-06-01: 0.23272020-07-01: 0.24072020-08-01: 0.23372020-09-01: 0.21812020-10-01: 0.23372020-11-01: 0.23362020-12-01: 0.17412021-01-01: 0.18262021-02-01: 0.21432021-03-01: 0.15292021-04-01: 0.16692021-05-01: 0.18722021-06-01: 0.18732021-07-01: 0.1932021-08-01: 0.20262021-09-01: 0.18242021-10-01: 0.20252021-11-01: 0.20782021-12-01: 0.12742022-01-01: 0.18112022-02-01: 0.17542022-03-01: 0.44032022-04-01: 0.92082022-05-01: 0.94862022-06-01: 1.44792022-07-01: 2.46562022-08-01: 2.48122022-09-01: 3.2132022-10-01: 3.23482022-11-01: 3.74772022-12-01: 4.24982023-01-01: 4.24512023-02-01: 4.47642023-03-01: 4.49682023-04-01: 4.49242023-05-01: 4.49292023-06-01: 4.73632023-07-01: 4.99152023-08-01: 4.9972023-09-01: 4.99062023-10-01: 5.01052023-11-01: 5.01392023-12-01: 5.02182024-01-01: 5.02992024-02-01: 5.00172024-03-01: 5.0052024-04-01: 4.99732024-05-01: 5.00252024-06-01: 4.76352024-07-01: 4.5082024-08-01: 4.51492024-09-01: 4.26622024-10-01: 3.77742024-11-01: 3.75822024-12-01: 3.27692025-01-01: 3.27232025-02-01: 2.9832025-03-01: 2.73852025-04-01: 2.73772025-05-01: 2.74342025-06-01: 2.74412025-07-01: 2.7472025-08-01: 2.75982025-09-01: 2.52792025-10-01: 2.50012025-11-01: 2.23392025-12-01: 2.27112026-01-01: 2.24912026-02-01: 2.24922026-03-01: 2.26492026-04-01: 2.26592026-05-01: 2.24222026-06-01: 2.28752026-07-01: 2.25992026-08-01: 2.23612026-09-01: 2.2789
Source: Bank of Canada, Valet via CRED
Shaded areas indicate Canadian recessions (C.D. Howe Institute).
Xfrin

Notes

Source: Bank of Canada

Release: Money market rates

Units: Percent, Monthly average

Frequency: Monthly

Notes: The average rate at which major market participants actually borrow and lend funds overnight. The Bank of Canada steers this rate toward its policy target through its operating framework, so the gap between the two shows how tightly policy is transmitting. Published as a monthly average.

Suggested Citation: Bank of Canada, Overnight Money Market Rate OVERNIGHT_RATE, retrieved from CRED, Canadian Research Economic Data; https://cred.nshipyard.com/series/OVERNIGHT_RATE, October 9, 2026.

Release Tables

Related Data and Content

Data Suggestions Based On Your Search

CREDBank of Canada Policy Interest Rate
COVID-19 recession00.511.522.533.544.555.5201620182020202220242026Percent2016-10-01: 0.52016-11-01: 0.52016-12-01: 0.52017-01-01: 0.52017-02-01: 0.52017-03-01: 0.52017-04-01: 0.52017-05-01: 0.52017-06-01: 0.52017-07-01: 0.752017-08-01: 0.752017-09-01: 12017-10-01: 12017-11-01: 12017-12-01: 12018-01-01: 1.252018-02-01: 1.252018-03-01: 1.252018-04-01: 1.252018-05-01: 1.252018-06-01: 1.252018-07-01: 1.52018-08-01: 1.52018-09-01: 1.52018-10-01: 1.752018-11-01: 1.752018-12-01: 1.752019-01-01: 1.752019-02-01: 1.752019-03-01: 1.752019-04-01: 1.752019-05-01: 1.752019-06-01: 1.752019-07-01: 1.752019-08-01: 1.752019-09-01: 1.752019-10-01: 1.752019-11-01: 1.752019-12-01: 1.752020-01-01: 1.752020-02-01: 1.752020-03-01: 0.252020-04-01: 0.252020-05-01: 0.252020-06-01: 0.252020-07-01: 0.252020-08-01: 0.252020-09-01: 0.252020-10-01: 0.252020-11-01: 0.252020-12-01: 0.252021-01-01: 0.252021-02-01: 0.252021-03-01: 0.252021-04-01: 0.252021-05-01: 0.252021-06-01: 0.252021-07-01: 0.252021-08-01: 0.252021-09-01: 0.252021-10-01: 0.252021-11-01: 0.252021-12-01: 0.252022-01-01: 0.252022-02-01: 0.252022-03-01: 0.52022-04-01: 12022-05-01: 12022-06-01: 1.52022-07-01: 2.52022-08-01: 2.52022-09-01: 3.252022-10-01: 3.752022-11-01: 3.752022-12-01: 4.252023-01-01: 4.52023-02-01: 4.52023-03-01: 4.52023-04-01: 4.52023-05-01: 4.52023-06-01: 4.752023-07-01: 52023-08-01: 52023-09-01: 52023-10-01: 52023-11-01: 52023-12-01: 52024-01-01: 52024-02-01: 52024-03-01: 52024-04-01: 52024-05-01: 52024-06-01: 4.752024-07-01: 4.52024-08-01: 4.52024-09-01: 4.252024-10-01: 3.752024-11-01: 3.752024-12-01: 3.252025-01-01: 32025-02-01: 32025-03-01: 2.752025-04-01: 2.752025-05-01: 2.752025-06-01: 2.752025-07-01: 2.752025-08-01: 2.752025-09-01: 2.52025-10-01: 2.252025-11-01: 2.252025-12-01: 2.252026-01-01: 2.252026-02-01: 2.252026-03-01: 2.252026-04-01: 2.252026-05-01: 2.252026-06-01: 2.252026-07-01: 2.252026-08-01: 2.252026-09-01: 2.25
Source: Bank of Canada, Valet via CRED
Shaded areas indicate Canadian recessions (C.D. Howe Institute).

Bank of Canada Policy Interest Rate

CREDCORRA
2.262.282.32.322.342.362.382026Percent2026-04-16: 2.312026-04-17: 2.32026-04-20: 2.282026-04-21: 2.282026-04-22: 2.32026-04-23: 2.32026-04-24: 2.332026-04-27: 2.322026-04-28: 2.32026-04-29: 2.32026-04-30: 2.32026-05-01: 2.282026-05-04: 2.32026-05-05: 2.282026-05-06: 2.282026-05-07: 2.272026-05-08: 2.262026-05-11: 2.252026-05-12: 2.252026-05-13: 2.252026-05-14: 2.252026-05-15: 2.252026-05-19: 2.252026-05-20: 2.262026-05-21: 2.262026-05-22: 2.262026-05-25: 2.272026-05-26: 2.272026-05-27: 2.252026-05-28: 2.252026-05-29: 2.252026-06-01: 2.262026-06-02: 2.262026-06-03: 2.282026-06-04: 2.262026-06-05: 2.262026-06-08: 2.262026-06-09: 2.262026-06-10: 2.252026-06-11: 2.272026-06-12: 2.272026-06-15: 2.272026-06-16: 2.282026-06-17: 2.292026-06-18: 2.32026-06-19: 2.332026-06-22: 2.32026-06-23: 2.32026-06-24: 2.32026-06-25: 2.312026-06-26: 2.322026-06-29: 2.312026-06-30: 2.342026-07-02: 2.32026-07-03: 2.312026-07-06: 2.312026-07-07: 2.282026-07-08: 2.282026-07-09: 2.292026-07-10: 2.32026-07-13: 2.32026-07-14: 2.282026-07-15: 2.312026-07-16: 2.32026-07-17: 2.292026-07-20: 2.292026-07-21: 2.292026-07-22: 2.282026-07-23: 2.272026-07-24: 2.282026-07-27: 2.282026-07-28: 2.282026-07-29: 2.312026-07-30: 2.312026-07-31: 2.372026-08-04: 2.332026-08-05: 2.312026-08-06: 2.32026-08-07: 2.32026-08-10: 2.282026-08-11: 2.272026-08-12: 2.272026-08-13: 2.272026-08-14: 2.262026-08-17: 2.272026-08-18: 2.262026-08-19: 2.262026-08-20: 2.252026-08-21: 2.252026-08-24: 2.252026-08-25: 2.252026-08-26: 2.252026-08-27: 2.252026-08-28: 2.252026-08-31: 2.272026-09-01: 2.292026-09-02: 2.32026-09-03: 2.32026-09-04: 2.292026-09-08: 2.292026-09-09: 2.292026-09-10: 2.32026-09-11: 2.32026-09-14: 2.282026-09-15: 2.292026-09-16: 2.292026-09-17: 2.292026-09-18: 2.292026-09-21: 2.292026-09-22: 2.292026-09-23: 2.292026-09-24: 2.32026-09-25: 2.32026-09-28: 2.32026-09-29: 2.312026-10-01: 2.32026-10-02: 2.32026-10-05: 2.292026-10-06: 2.292026-10-07: 2.29
Source: Bank of Canada, Valet via CRED
Shaded areas indicate Canadian recessions (C.D. Howe Institute).

CORRA

CRED2-Year Government of Canada Bond Yield
2.72.82.933.13.23.33.43.52026Percent2026-04-16: 2.82026-04-17: 2.772026-04-20: 2.762026-04-21: 2.842026-04-22: 2.832026-04-23: 2.852026-04-24: 2.822026-04-27: 2.832026-04-28: 2.882026-04-29: 3.032026-04-30: 2.962026-05-01: 2.942026-05-04: 3.052026-05-05: 3.012026-05-06: 2.912026-05-07: 2.942026-05-08: 2.862026-05-11: 2.932026-05-12: 2.972026-05-13: 2.962026-05-14: 2.962026-05-15: 3.072026-05-19: 3.042026-05-20: 2.932026-05-21: 2.912026-05-22: 2.922026-05-25: 2.842026-05-26: 2.842026-05-27: 2.862026-05-28: 2.842026-05-29: 2.772026-06-01: 2.812026-06-02: 2.82026-06-03: 2.812026-06-04: 2.82026-06-05: 2.872026-06-08: 2.872026-06-09: 2.852026-06-10: 2.832026-06-11: 2.772026-06-12: 2.762026-06-15: 2.762026-06-16: 2.752026-06-17: 2.822026-06-18: 2.782026-06-19: 2.782026-06-22: 2.812026-06-23: 2.782026-06-24: 2.732026-06-25: 2.752026-06-26: 2.752026-06-29: 2.732026-06-30: 2.742026-07-02: 2.762026-07-03: 2.752026-07-06: 2.722026-07-07: 2.82026-07-08: 2.852026-07-09: 2.82026-07-10: 2.822026-07-13: 2.882026-07-14: 2.862026-07-15: 2.822026-07-16: 2.832026-07-17: 2.862026-07-20: 2.842026-07-21: 2.822026-07-22: 2.892026-07-23: 2.962026-07-24: 2.92026-07-27: 2.872026-07-28: 2.842026-07-29: 2.852026-07-30: 2.852026-07-31: 2.912026-08-04: 2.832026-08-05: 2.822026-08-06: 2.922026-08-07: 2.962026-08-10: 3.022026-08-11: 3.012026-08-12: 2.982026-08-13: 2.922026-08-14: 2.962026-08-17: 2.972026-08-18: 2.962026-08-19: 2.982026-08-20: 3.022026-08-21: 3.032026-08-24: 2.962026-08-25: 2.92026-08-26: 2.932026-08-27: 2.962026-08-28: 3.012026-08-31: 3.012026-09-01: 3.012026-09-02: 3.112026-09-03: 3.12026-09-04: 3.082026-09-08: 3.132026-09-09: 3.162026-09-10: 3.312026-09-11: 3.352026-09-14: 3.372026-09-15: 3.352026-09-16: 3.352026-09-17: 3.272026-09-18: 3.322026-09-21: 3.292026-09-22: 3.252026-09-23: 3.42026-09-24: 3.392026-09-25: 3.352026-09-28: 3.372026-09-29: 3.372026-10-01: 3.272026-10-02: 3.252026-10-05: 3.262026-10-06: 3.232026-10-07: 3.23
Source: Bank of Canada, Valet via CRED
Shaded areas indicate Canadian recessions (C.D. Howe Institute).

2-Year Government of Canada Bond Yield

CRED5-Year Government of Canada Bond Yield
33.13.23.33.43.53.63.72026Percent2026-04-16: 3.12026-04-17: 3.042026-04-20: 3.042026-04-21: 3.12026-04-22: 3.12026-04-23: 3.112026-04-24: 3.072026-04-27: 3.112026-04-28: 3.142026-04-29: 3.262026-04-30: 3.22026-05-01: 3.182026-05-04: 3.272026-05-05: 3.262026-05-06: 3.152026-05-07: 3.182026-05-08: 3.122026-05-11: 3.192026-05-12: 3.242026-05-13: 3.232026-05-14: 3.222026-05-15: 3.362026-05-19: 3.352026-05-20: 3.232026-05-21: 3.192026-05-22: 3.22026-05-25: 3.112026-05-26: 3.122026-05-27: 3.142026-05-28: 3.12026-05-29: 3.052026-06-01: 3.082026-06-02: 3.072026-06-03: 3.082026-06-04: 3.082026-06-05: 3.142026-06-08: 3.182026-06-09: 3.152026-06-10: 3.132026-06-11: 3.052026-06-12: 3.042026-06-15: 3.042026-06-16: 3.032026-06-17: 3.082026-06-18: 3.042026-06-19: 3.042026-06-22: 3.092026-06-23: 3.062026-06-24: 2.992026-06-25: 3.022026-06-26: 3.022026-06-29: 32026-06-30: 3.012026-07-02: 3.062026-07-03: 3.062026-07-06: 3.032026-07-07: 3.112026-07-08: 3.182026-07-09: 3.122026-07-10: 3.132026-07-13: 3.192026-07-14: 3.182026-07-15: 3.142026-07-16: 3.152026-07-17: 3.182026-07-20: 3.182026-07-21: 3.162026-07-22: 3.222026-07-23: 3.282026-07-24: 3.222026-07-27: 3.192026-07-28: 3.162026-07-29: 3.192026-07-30: 3.192026-07-31: 3.272026-08-04: 3.172026-08-05: 3.172026-08-06: 3.222026-08-07: 3.262026-08-10: 3.342026-08-11: 3.322026-08-12: 3.32026-08-13: 3.232026-08-14: 3.282026-08-17: 3.312026-08-18: 3.292026-08-19: 3.32026-08-20: 3.352026-08-21: 3.362026-08-24: 3.282026-08-25: 3.222026-08-26: 3.262026-08-27: 3.32026-08-28: 3.342026-08-31: 3.332026-09-01: 3.352026-09-02: 3.422026-09-03: 3.412026-09-04: 3.42026-09-08: 3.442026-09-09: 3.482026-09-10: 3.632026-09-11: 3.652026-09-14: 3.652026-09-15: 3.652026-09-16: 3.642026-09-17: 3.542026-09-18: 3.592026-09-21: 3.572026-09-22: 3.542026-09-23: 3.692026-09-24: 3.692026-09-25: 3.652026-09-28: 3.682026-09-29: 3.692026-10-01: 3.622026-10-02: 3.62026-10-05: 3.632026-10-06: 3.592026-10-07: 3.6
Source: Bank of Canada, Valet via CRED
Shaded areas indicate Canadian recessions (C.D. Howe Institute).

5-Year Government of Canada Bond Yield

See More...

Content Suggestions

Related Categories

Money, Banking and FinancePopulation, Employment and LabourNational AccountsProduction and Business ActivityPricesHousing and ConstructionInternational Trade and InvestmentProvinces, Territories and Cities

Releases

More Series from Money market rates

Tags

CanadaOvernight Money Market RateBank of CanadaMonthly