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1) Canadian-Overnite
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3) Canadian Overnight Money Market Rate - Investopedia

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The Canadian overnight money market rate comprises the weighted-average repo funding cost of major money market dealers. It is a less volatile measure of the collateralized overnight rate than other rates as it represents a greater volume of overnight transactions from more participants.

The overnight rate is the interest rate at which major financial institutions borrow and lend one-day ... They can also affect the exchange rate of the Canadian dollar.

Throughout the course of a day, banks will transfer money to each other, to foreign banks, to large clients, and other counterparties on behalf of clients or on their own account. At the end of each working day, a bank may have a surplus or shortage of funds (or a shortage or excess reserves in fractional reserve banking ). Banks that have surplus funds or excess reserves may lend them (often at a multiple of their legal reserve ratio , if any) or deposit them with other banks, who borrow from them. The overnight rate is the amount paid to the bank lending the funds.

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A compilation of banking and financial indicators, including the Bank of Canada’s assets and liabilities, credit and monetary aggregates, chartered banks data and selected financial market statistics.

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If you have any question, please feel free to call us at 1-877-536-8162 , or email us at orders@onlinepharmaciescanada.com . One of our Customer Care Specialists will get back to you in a timely manner.

The Canadian overnight money market rate comprises the weighted-average repo funding cost of major money market dealers. It is a less volatile measure of the collateralized overnight rate than other rates as it represents a greater volume of overnight transactions from more participants.

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