Saying Goodbye to BAX: A Strategic Shift in Hedging Canadian Interest Rates
April 26, 2024
Benchmark interest rates are crucial in directing investment strategies, shaping economic policies, and impacting lending rates in the global finance landscape. In Canada, the shift from the Canadian Dollar Offered Rate (CDOR), the recognized financial benchmark for Bankers’ Acceptances (BAs), to the Canadian Overnight Repo Rate Average (CORRA) as a reference benchmark rate marks a significant transformation in the financial decision-making process.