Go to the Globe and Mail homepage

Jump to main navigationJump to main content


Report on Business


Streetwise gives you news and analysis on Bay Street and the world of finance
available exclusively to subscribers of Globe Unlimited

Entry archive:

Thomson Reuters to oversee key Canadian benchmark rates Add to ...

Subscribers Only

Thomson Reuters Corp. has been hired to administer two key Canadian benchmark rates, a move designed to shore up confidence in the country’s capital markets in the wake of a global interest rate scandal.

After major global banks were fined billions of dollars for manipulating the London interbank offered rate (Libor), a benchmark rate used to priced trillions of dollars worth of securities, Canadian regulators initiated a review to ensure its domestic equivalent wasn’t susceptible to the same manipulation.

Report Typo/Error

Follow on Twitter: @timkiladze

Next story




Most popular videos »

More from The Globe and Mail

Most popular