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Legal, operational issues may arise with loans as key benchmark is eliminated

Many floating blue percent cubes

Deadline for potential term CORRA consultation extended to June 30

Concept of real estate, mortgage and lease

The benchmark changeover hasn't gone smoothly for some older vehicles, Fitch reports

Financial stock exchange market display screen board on the street

Banks' experience with Libor should steel them for Canadian transition

dollar sign

Industry to scrap the Canadian dollar offered rate by mid-2024

Spiking commodity prices, benchmark reforms reflected in derivatives markets

close up view of new 100 Canadian dollar banknotes

Refinitiv launches a consultation on the benchmark's future


Regulatory oversight for benchmarks comes in response to the LIBOR scandal

foreign country with stock market data

IOSCO warns that alternative rates may not be suitable

Business chart with glowing arrows and world map

Lack of certainty around benchmark succession could disrupt debt markets