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Webinar: Bank of Canada- CDOR Cessation & The Future of CORRA(Corporate Input Required)

  • Wednesday, June 22, 2022
  • 12:00 PM - 1:30 PM
  • Virtual Educational Event


  • No Cost

Registration is closed

TMAC would like to share that we have taken steps to build out partnerships with AFP Chapters across Canada, providing you access to a collective Canada-wide series of virtual educational seminars. 

This upcoming session, hosted by AFP Montreal, is being offered complimentary to all attendees.

Bank of Canada- CDOR Cessation & The Future of CORRA (Corporate Input Required)
June 22, 2022
12:00pm - 1:30pm

Key Speakers:

  • Harri Vikstedt (Senior Director Financial Markets Department, Bank of Canada, Chair CARR)
  • Karl Wildi (Managing Director and Vice Chair CIBC World Markets, Co-Chair CARR)
  • Elaine Wight (VP Treasurer Samuel So & Co,  CTA Co-Chair CARR working committee)
  • Stacey Caney (VP Treasurer Spin Master, CTA Chair, CARR working committee)


On May 16, 2022, the administrator of the Canadian Dollar Offered Rate (CDOR) announced that it will cease the calculation and publication of CDOR on June 28, 2024. Following this announcement, the Canadian Alternative Reference Rate committee (CARR) published a consultation, seeking market feedback on whether a forward-looking Term CORRA (Canadian Overnight Repo Rate Average) is needed to replace CDOR in certain products.

The CARR consultation describes and seeks feedback on the potential need for a forward-looking Term CORRA for certain loan and hedging agreements.

  • Target audience is all financial and non-financial corporations that use or reference CDOR
  • CARR has not yet made final decisions on any aspect of Term CORRA and all market feedback will be fully considered.
  • Without broad support from financial and non-financial corporations, the CARR may conclude that a Term CORRA is not required and overnight CORRA rates are sufficient.

We look forward to connecting with you virtually soon!


TMAC Toronto Board of Directors

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