Canadian Overnight Money Market Rate

Business, Legal & Accounting Glossary

Definition: Canadian Overnight Money Market Rate


Canadian Overnight Money Market Rate


Full Definition of Canadian Overnight Money Market Rate


Accumulated by the Bank of Canada the end of each day. It is the measure of the collateralized overnight rate through surveys of main overnight market participants. The Canadian overnight money market rate makes up the weighted-average repo funding cost of key dealers and dealer trades that are conducted directly.


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Canadian Overnight Money Market Rate. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 06, 2021 https://payrollheaven.com/define/canadian-overnight-money-market-rate/.
Chicago Manual of Style (CMS):
Canadian Overnight Money Market Rate. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/canadian-overnight-money-market-rate/ (accessed: December 06, 2021).
American Psychological Association (APA):
Canadian Overnight Money Market Rate. PayrollHeaven.com. Retrieved December 06, 2021
, from PayrollHeaven.com website: https://payrollheaven.com/define/canadian-overnight-money-market-rate/

Definition Sources


Definitions for Canadian Overnight Money Market Rate are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 14th November, 2021 | 0 Views.