Archived - Debt Management Report 2002-2003: 2

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Annex 3

Contact Information

Department of Finance Canada

Financial Sector Policy Branch
Financial Markets Division
140 O'Connor Street, 20th Floor, East Tower
Ottawa, Ontario K1A 0G5
Telephone: (613) 992-9031
Fax: (613) 943-2039

Reference Tables

Reference Table I
Gross Public Debt, Outstanding Market Debt and Debt Charges

	Gross public debt				Outstanding market debt
Fiscal years ending March 31	Outstanding	Fixed-rate portion1	Average fixed-rateportion2	Total debt charges	Outstanding	Fixed-rate portion	Total debt charges	Average interest rate
	($billions)	(%)	(%)	($billions)	($billions)	(%)	($billions)	(%)
1985-86	321.5	51.9	0	27.7	201.2	36.7	20.7	10.66
1986-87	357.2	50.9	0	28.7	228.6	36.9	21.5	9.34
1987-88	390.3	51.2	0	31.2	250.8	38.2	23.1	9.61
1988-89	423.8	49.6	0	35.5	276.3	37.2	26.5	10.82
1989-90	451.8	49.9	0	41.2	294.6	38.1	31.4	11.20
1990-91	490.3	50.4	0	45.0	323.9	38.5	34.3	10.72
1991-92	526.9	50.7	0	43.9	351.9	38.9	32.4	8.86
1992-93	566.0	50.4	0	41.3	382.7	39.0	29.4	7.88
1993-94	610.7	53.3	0	40.1	414.0	42.7	28.0	6.75
1994-95	651.6	55.1	0	44.2	441.0	44.4	31.4	7.97
1995-96	694.6	56.9	0	49.4	469.5	47.9	35.3	7.34
1996-97	711.9	61.7	0	47.3	476.9	53.8	33.0	6.66
1997-98	713.4	63.7	0	43.1	467.3	56.8	31.0	6.64
1998-99	717.7	64.5	66.6	43.3	460.4	58.5	30.8	6.70
1999-00	716.3	66.5	66.6	43.4	456.4	59.1	30.5	6.15
2000-01	715.0	67.8	67.6	43.9	446.4	60.5	30.7	6.11
2001-02	704.3	67.4	67.6	39.7	442.3	60.1	27.4	5.56
2002-03	700.1	65.8	65.8	37.3	439.8	61.2	25.2	5.32
1For interest-bearing debt as of March 31. Calculation methodology may vary slightly from year to year. The definition of interest-bearing debt has changed slightly in 2002-03 to reflect the adoption of the full accrual basis of accounting.
2Average over the year. Comparative figures for prior years are not available.
Sources: Public Accounts of Canada, Bank of Canada Review, Department of Finance estimates.

Reference Table II
Government of Canada Outstanding Market Debt

	Payable in Canadian dollars					Payable in foreign currencies
Fiscal years ending March 31	Treasury bills	Marketable bonds	Retail debt	CPP bonds	Total	Marketable bonds	Canada Bills	Canada Notes1	Standby drawings	Term loans	Total	Total market debt
(C$ millions)
1977-78	11,295	21,645	18,036	84	51,060	181	0	0	850	0	1,031	51,664
1978-79	13,535	26,988	19,443	96	60,062	3,319	0	0	2,782	1,115	7,216	66,640
1979-80	16,325	33,387	18,182	113	68,007	3,312	0	0	359	1,030	4,701	72,021
1980-81	21,770	40,976	15,966	136	78,848	3,236	0	0	355	1,046	4,637	83,138
1981-82	19,375	43,605	25,108	154	88,242	3,867	0	0	0	550	4,417	93,167
1982-83	29,125	48,473	32,753	171	110,522	4,872	0	0	0	362	5,234	116,562
1983-84	41,700	56,976	38,403	189	137,268	4,306	0	0	510	398	5,214	142,901
1984-85	52,300	69,354	42,167	205	164,026	4,972	0	0	1,909	1,172	8,053	172,719
1985-86	61,950	81,163	44,607	445	188,165	9,331	0	0	2,233	2,247	13,811	201,229
1986-87	76,950	94,520	43,854	1,796	217,120	9,120	1,045	0	0	2,047	12,212	228,611
1987-88	81,050	103,899	52,558	2,492	239,999	8,438	1,045	0	0	2,257	11,740	250,809
1988-89	102,700	115,748	47,048	3,005	268,501	6,672	1,131	0	0	934	8,737	276,301
1989-90	118,550	127,681	40,207	3,072	289,510	4,364	1,446	0	0	0	5,810	294,562
1990-91	139,150	143,601	33,782	3,492	320,025	3,555	1,008	0	0	0	4,563	323,903
1991-92	152,300	158,059	35,031	3,501	348,891	3,535	0	0	0	0	3,535	351,885
1992-93	162,050	178,436	33,884	3,505	377,875	2,926	2,552	0	0	0	5,478	382,741
1993-94	166,000	203,373	30,866	3,497	403,736	5,019	5,649	0	0	0	10,668	413,975
1994-95	164,450	225,513	30,756	3,488	424,207	7,875	9,046	0	0	0	16,921	440,998
1995-96	166,100	252,411	30,801	3,478	452,790	9,514	6,986	310	0	0	16,810	469,547
1996-97	135,400	282,059	32,911	3,468	453,838	12,460	8,436	2,121	0	0	23,017	476,852
1997-98	112,300	293,987	30,302	3,456	440,045	14,590	9,356	3,176	0	0	27,122	467,291
1998-99	96,950	294,914	28,810	4,063	424,737	19,655	10,171	6,182	0	0	36,008	460,427
1999-00	99,850	293,250	27,115	3,427	423,642	21,464	6,008	5,168	0	0	32,640	456,406
2000-01	88,700	293,879	26,457	3,404	412,440	20,509	7,228	5,695	0	0	33,432	445,724
2001-02	94,200	292,910	24,229	3,386	414,725	19,652	3,355	4,405	0	0	27,412	442,137
2002-03	104,600	286,289	22,878	3,369	417,136	14,412	2,603	4,533	0	0	21,548	436,684
Note: Subcategorization of Government of Canada debt is in accordance with Bank of Canada reports, which may vary slightly from Public Accounts categories due to differences in classification methods. The total outstanding market debt may not equal the sum of the parts due to slight differences between the Bank of Canada's and Department of Finance's numbers.
1Includes EMTNs.
Sources: Bank of Canada Review, Department of Finance.

Reference Table III
Average Weekly Domestic Market Trading in Government of Canada Securities, April 2002 to March 2003

		Marketable bonds
	Treasury bills	3 years and under	3 to 10 years	Over 10 years	Real return bonds	Total marketable bonds	Total
	($ millions)
April 2002	20,488	27,240	31,334	9,985	102.38	68,661	89,149
May 2002	18,392	31,613	32,566	10,144	96	74,419	92,811
June 2002	22,640	34,571	33,222	6,638	404.53	74,835	97,475
July 2002	23,202	33,049	35,059	6,929	188.28	75,225	98,428
August 2002	20,063	36,767	37,578	6,182	248.73	80,776	100,840
September 2002	25,044	33,727	32,021	5,801	325	71,874	96,918
October 2002	24,558	30,153	37,050	6,238	427.02	73,867	98,425
November 2002	22,028	32,099	42,387	8,675	290.73	83,451	105,479
December 2002	21,298	23,963	24,317	5,028	247.63	53,555	74,853
January 2003	20,102	28,461	26,447	6,099	302.46	61,310	81,412
February 2003	21,958	39,075	37,891	8,311	349.53	85,626	107,584
March 2003	23,136	42,211	42,618	9,038	766	94,633	117,769
Source: Bank of Canada, Banking and Financial Statistics.

Reference Table IV
Distribution of Domestic Holdings of Government of Canada Securities
PART A -Treasury Bills, Canada Bills, Bonds,1 Canada Savings Bonds and Canada Premium Bonds

Year end	Persons and unincorporated businesses	Non-financial corporations	Bank of Canada	Chartered banks	Quasi-banks 2	Life insurance companies and pension funds	Public and other financial institutions 3	All levels of government 4	Total 5
($ millions)
1976	17,932	395	8,242	8,666	716	1,436	2,273	730	40,390
1977	20,277	321	10,268	9,601	1,048	2,271	3,114	1,014	47,914
1978	22,723	403	12,001	9,896	1,537	3,738	4,017	1,721	56,036
1979	23,144	374	13,656	10,156	1,684	6,716	4,103	2,878	62,711
1980	24,253	555	15,858	10,002	2,771	9,274	5,561	4,248	72,522
1981	33,425	520	17,100	10,003	2,452	10,569	5,342	4,194	83,605
1982	42,320	2,267	15,428	11,233	3,288	13,151	9,177	4,654	101,518
1983	50,306	5,502	16,859	15,107	5,551	17,816	9,984	5,321	126,446
1984	60,748	6,783	17,184	15,164	4,887	24,039	11,978	7,166	147,949
1985	74,331	7,387	15,668	15,198	5,706	31,068	15,086	10,106	174,550
1986	71,073	6,259	18,374	17,779	7,277	34,887	18,414	11,293	185,356
1987	83,732	8,591	20,201	16,012	6,400	38,870	19,547	13,918	207,271
1988	86,591	8,634	20,606	21,115	7,492	42,460	19,028	17,186	223,112
1989	81,566	11,402	21,133	20,804	9,854	48,037	23,950	17,840	234,586
1990	80,079	11,797	20,325	24,224	10,460	52,984	26,051	19,574	245,494
1991	72,945	11,580	22,370	35,792	12,091	57,846	33,054	21,015	266,693
1992	70,930	13,696	22,607	44,555	12,428	62,042	39,396	20,222	285,876
1993	61,221	10,359	23,498	60,242	11,229	69,917	45,321	18,397	300,184
1994	52,842	12,039	24,902	70,063	9,992	78,545	52,847	24,967	326,197
1995	48,867	12,048	23,590	76,560	10,947	87,467	59,044	26,324	344,847
1996	46,187	10,013	25,556	74,789	10,952	90,174	71,514	24,828	354,013
1997	39,924	10,470	27,198	67,715	7,054	94,991	79,445	25,509	352,306
1998	33,537	8,525	27,911	66,375	6,659	99,687	79,895	28,174	350,763
1999	37,118	9,290	29,075	54,080	7,944	108,656	81,257	28,394	355,814
2000	33,259	9,062	31,726	58,269	2,842	108,752	73,911	30,280	348,101
2001	33,979	7,643	37,204	65,396	3,561	99,744	76,482	34,341	358,350
2002	22,860	8,417	38,859	66,057	3,307	97,463	81,521	33,436	351,920

Reference Table IV (cont'd)
Distribution of Domestic Holdings of Government of Canada Securities
PART B -Treasury Bills, Canada Bills, Bonds,1 Canada Savings Bonds and Canada Premium Bonds

Year end	Persons and unincorporated businesses	Non-financial corporations	Bank of Canada	Chartered banks	Quasi-banks2	Life insurance companies and pension funds	Public and other financial institutions3	All levels of government4	Total5
(%)
1976	44.40	0.98	20.41	21.46	1.77	3.56	5.63	1.81	100.00
1977	42.32	0.67	21.43	20.04	2.19	4.74	6.50	2.12	100.00
1978	40.55	0.72	21.42	17.66	2.74	6.67	7.17	3.07	100.00
1979	36.91	0.60	21.78	16.19	2.69	10.71	6.54	4.59	100.00
1980	33.44	0.77	21.87	13.79	3.82	12.79	7.67	5.86	100.00
1981	39.98	0.62	20.45	11.96	2.93	12.64	6.39	5.02	100.00
1982	41.69	2.23	15.20	11.07	3.24	12.95	9.04	4.58	100.00
1983	39.78	4.35	13.33	11.95	4.39	14.09	7.90	4.21	100.00
1984	41.06	4.58	11.61	10.25	3.30	16.25	8.10	4.84	100.00
1985	42.58	4.23	8.98	8.71	3.27	17.80	8.64	5.79	100.00
1986	38.34	3.38	9.91	9.59	3.93	18.82	9.93	6.09	100.00
1987	40.40	4.14	9.75	7.73	3.09	18.75	9.43	6.71	100.00
1988	38.81	3.87	9.24	9.46	3.36	19.03	8.53	7.70	100.00
1989	34.77	4.86	9.01	8.87	4.20	20.48	10.21	7.60	100.00
1990	32.62	4.81	8.28	9.87	4.26	21.58	10.61	7.97	100.00
1991	27.35	4.34	8.39	13.42	4.53	21.69	12.39	7.88	100.00
1992	24.81	4.79	7.91	15.59	4.35	21.70	13.78	7.07	100.00
1993	20.39	3.45	7.83	20.07	3.74	23.29	15.10	6.13	100.00
1994	16.20	3.69	7.63	21.48	3.06	24.08	16.20	7.65	100.00
1995	14.17	3.49	6.84	22.20	3.17	25.36	17.12	7.63	100.00
1996	13.05	2.83	7.22	21.13	3.09	25.47	20.20	7.01	100.00
1997	11.33	2.97	7.72	19.22	2.00	26.96	22.55	7.24	100.00
1998	9.56	2.43	7.96	18.92	1.90	28.42	22.78	8.03	100.00
1999	10.43	2.61	8.17	15.20	2.23	30.54	22.84	7.98	100.00
2000	9.55	2.60	9.11	16.74	0.82	31.24	21.23	8.70	100.00
2001	9.48	2.13	10.38	18.25	0.99	27.83	21.34	9.58	100.00
2002	6.50	2.39	11.04	18.77	0.94	27.69	23.16	9.50	100.00

Reference Table IV (cont'd)
Distribution of Domestic Holdings of Government of Canada Securities
PART C -Treasury Bills and Canada Bills

Year end	Persons and unincorporated businesses	Non-financial corporations	Bank of Canada	Chartered banks	Quasi- banks2	Life insurance companies and pension funds	Public and other financial institutions3	All levels of government4	Total5
($ millions)
1976	171	125	1,964	4,219	52	44	515	193	7,283
1977	394	136	2,461	4,949	143	98	1,020	311	9,512
1978	576	198	3,567	5,517	193	261	1,554	519	12,385
1979	785	165	4,345	6,690	65	245	1,550	843	14,688
1980	1,493	288	5,317	7,500	619	460	2,431	1,512	19,620
1981	1,019	369	5,431	8,597	343	560	2,187	1,082	19,588
1982	1,237	1,930	2,483	10,034	1,357	1,244	5,008	1,199	24,492
1983	3,766	5,146	2,595	12,879	3,180	2,587	5,376	1,286	36,815
1984	7,454	6,275	3,515	12,997	2,792	3,876	6,544	2,498	45,951
1985	13,340	6,517	3,985	12,629	3,651	3,924	8,129	4,136	56,311
1986	16,158	4,875	7,967	15,161	4,709	3,592	10,164	3,416	66,042
1987	17,733	7,232	9,682	11,498	3,725	4,806	9,589	5,002	69,267
1988	20,213	7,414	9,945	15,224	5,614	7,648	9,133	7,726	82,917
1989	29,156	9,668	11,124	17,410	8,116	9,664	12,908	9,251	107,297
1990	36,461	10,756	10,574	17,841	8,976	11,737	13,298	9,388	119,031
1991	30,423	10,437	13,093	24,382	9,089	12,386	17,636	10,417	127,863
1992	32,901	11,254	14,634	27,989	9,646	13,639	19,907	8,726	138,696
1993	27,459	9,657	16,876	29,901	9,222	17,085	22,336	7,151	139,687
1994	17,562	8,499	18,973	30,415	6,879	14,376	22,021	10,631	129,356
1995	16,296	9,204	18,298	30,865	7,760	15,315	25,183	10,603	133,524
1996	10,474	8,285	17,593	23,470	5,493	13,520	32,752	6,264	117,851
1997	5,966	6,858	14,233	19,448	3,133	8,944	32,653	3,803	95,038
1998	1,291	6,215	10,729	16,713	2,392	4,529	32,508	3,578	77,955
1999	8,539	6,662	8,584	9,814	3,234	8,128	36,932	3,497	85,390
2000	7,568	6,735	8,090	6,188	685	7,222	31,087	5,108	72,683
2001	8,744	6,990	11,427	9,969	675	10,401	37,154	6,838	92,198
2002	551	5,894	11,639	18,869	708	12,768	40,087	7,115	97,631

Reference Table IV (cont'd)
Distribution of Domestic Holdings of Government of Canada Securities
PART D-Treasury Bills and Canada Bills

Year end	Persons and unincorporated businesses	Non-financial corporations	Bank of Canada	Chartered banks	Quasi- banks2	Life insurance companies and pension funds	Public and other financial institutions3	All levels of government4	Total5
(%)
1976	2.35	1.72	26.97	57.93	0.71	0.60	7.07	2.65	100.00
1977	4.14	1.43	25.87	52.03	1.50	1.03	10.72	3.27	100.00
1978	4.65	1.60	28.80	44.55	1.56	2.11	12.55	4.19	100.00
1979	5.34	1.12	29.58	45.55	0.44	1.67	10.55	5.74	100.00
1980	7.61	1.47	27.10	38.23	3.15	2.34	12.39	7.71	100.00
1981	5.20	1.88	27.73	43.89	1.75	2.86	11.16	5.52	100.00
1982	5.05	7.88	10.14	40.97	5.54	5.08	20.45	4.90	100.00
1983	10.23	13.98	7.05	34.98	8.64	7.03	14.60	3.49	100.00
1984	16.22	13.66	7.65	28.28	6.08	8.44	14.24	5.44	100.00
1985	23.69	11.57	7.08	22.43	6.48	6.97	14.44	7.34	100.00
1986	24.47	7.38	12.06	22.96	7.13	5.44	15.39	5.17	100.00
1987	25.60	10.44	13.98	16.60	5.38	6.94	13.84	7.22	100.00
1988	24.38	8.94	11.99	18.36	6.77	9.22	11.01	9.32	100.00
1989	27.17	9.01	10.37	16.23	7.56	9.01	12.03	8.62	100.00
1990	30.63	9.04	8.88	14.99	7.54	9.86	11.17	7.89	100.00
1991	23.79	8.16	10.24	19.07	7.11	9.69	13.79	8.15	100.00
1992	23.72	8.11	10.55	20.18	6.95	9.83	14.35	6.29	100.00
1993	19.66	6.91	12.08	21.41	6.60	12.23	15.99	5.12	100.00
1994	13.58	6.57	14.67	23.51	5.32	11.11	17.02	8.22	100.00
1995	12.20	6.89	13.70	23.12	5.81	11.47	18.86	7.94	100.00
1996	8.89	7.03	14.93	19.91	4.66	11.47	27.79	5.32	100.00
1997	6.28	7.22	14.98	20.46	3.30	9.41	34.36	4.00	100.00
1998	1.66	7.97	13.76	21.44	3.07	5.81	41.70	4.59	100.00
1999	10.00	7.80	10.05	11.49	3.79	9.52	43.25	4.10	100.00
2000	10.41	9.27	11.13	8.51	0.94	9.94	42.77	7.03	100.00
2001	9.48	7.58	12.39	10.81	0.73	11.28	40.30	7.42	100.00
2002	0.56	6.04	11.92	19.33	0.73	13.08	41.06	7.29	100.00

Reference Table IV (cont'd)
Distribution of Domestic Holdings of Government of Canada Securities
PART E-Bonds1

Year end	Persons and unincorporated businesses	Non-financial corporations	Bank of Canada	Chartered banks	Quasi- banks2	Life insurance    companies and pension funds	Public and other financial institutions3	All levels of government4	Total5
($ millions)
1976	17,761	270	6,278	4,447	664	1,392	1,758	537	33,107
1977	19,883	185	7,807	4,652	905	2,173	2,094	703	38,402
1978	22,147	205	8,434	4,379	1,344	3,477	2,463	1,202	43,651
1979	22,359	209	9,311	3,466	1,619	6,471	2,553	2,035	48,023
1980	22,760	267	10,541	2,502	2,152	8,814	3,130	2,736	52,902
1981	32,406	151	11,669	1,406	2,109	10,009	3,155	3,112	64,017
1982	41,083	337	12,945	1,199	1,931	11,907	4,169	3,455	77,026
1983	46,540	356	14,264	2,228	2,371	15,229	4,608	4,035	89,631
1984	53,294	508	13,669	2,167	2,095	20,163	5,434	4,668	101,998
1985	60,991	870	11,683	2,569	2,055	27,144	6,957	5,970	118,239
1986	54,915	1,384	10,407	2,618	2,568	31,295	8,250	7,877	119,314
1987	65,999	1,359	10,519	4,514	2,675	34,064	9,958	8,916	138,004
1988	66,378	1,220	10,661	5,891	1,878	34,812	9,895	9,460	140,195
1989	52,410	1,734	10,009	3,394	1,738	38,373	11,042	8,589	127,289
1990	43,618	1,041	9,751	6,383	1,484	41,247	12,753	10,186	126,463
1991	42,522	1,143	9,277	11,410	3,002	45,460	15,418	10,598	138,830
1992	38,029	2,442	7,973	16,566	2,782	48,403	19,489	11,496	147,180
1993	33,762	702	6,622	30,341	2,007	52,832	22,985	11,246	160,497
1994	35,280	3,540	5,929	39,648	3,113	64,169	30,826	14,336	196,841
1995	32,571	2,844	5,292	45,695	3,187	72,152	33,861	15,721	211,323
1996	35,713	1,728	7,963	51,319	5,459	76,654	38,762	18,564	236,162
1997	33,958	3,612	12,965	48,267	3,921	86,047	46,792	21,706	257,268
1998	32,246	2,310	17,182	49,662	4,267	95,158	47,387	24,596	272,808
1999	28,579	2,628	20,491	44,266	4,710	100,528	44,325	24,897	270,424
2000	25,691	2,327	23,636	52,081	2,157	101,530	42,824	25,172	275,418
2001	25,235	653	25,777	55,427	2,886	89,343	39,328	27,503	266,152
2002	22,309	2,523	27,220	47,188	2,599	84,695	41,434	26,321	254,289

Reference Table IV (cont'd)
Distribution of Domestic Holdings of Government of Canada Securities
PART F-Bonds1

Year end	Persons and unincorporated businesses	Non-financial corporations	Bank of Canada	Chartered banks	Quasi- banks2	Life insurance companies and pension funds	Public and other financial institutions3	All levels of government4	Total5
(%)
1976	53.65	0.82	18.96	13.43	2.01	4.20	5.31	1.62	100.00
1977	51.78	0.48	20.33	12.11	2.36	5.66	5.45	1.83	100.00
1978	50.74	0.47	19.32	10.03	3.08	7.97	5.64	2.75	100.00
1979	46.56	0.44	19.39	7.22	3.37	13.47	5.32	4.24	100.00
1980	43.02	0.50	19.93	4.73	4.07	16.66	5.92	5.17	100.00
1981	50.62	0.24	18.23	2.20	3.29	15.63	4.93	4.86	100.00
1982	53.34	0.44	16.81	1.56	2.51	15.46	5.41	4.49	100.00
1983	51.92	0.40	15.91	2.49	2.65	16.99	5.14	4.50	100.00
1984	52.25	0.50	13.40	2.12	2.05	19.77	5.33	4.58	100.00
1985	51.58	0.74	9.88	2.17	1.74	22.96	5.88	5.05	100.00
1986	46.03	1.16	8.72	2.19	2.15	26.23	6.91	6.60	100.00
1987	47.82	0.98	7.62	3.27	1.94	24.68	7.22	6.46	100.00
1988	47.35	0.87	7.60	4.20	1.34	24.83	7.06	6.75	100.00
1989	41.17	1.36	7.86	2.67	1.37	30.15	8.67	6.75	100.00
1990	34.49	0.82	7.71	5.05	1.17	32.62	10.08	8.05	100.00
1991	30.63	0.82	6.68	8.22	2.16	32.75	11.11	7.63	100.00
1992	25.84	1.66	5.42	11.26	1.89	32.89	13.24	7.81	100.00
1993	21.04	0.44	4.13	18.90	1.25	32.92	14.32	7.01	100.00
1994	17.92	1.80	3.01	20.14	1.58	32.60	15.66	7.28	100.00
1995	15.41	1.35	2.50	21.62	1.51	34.14	16.02	7.44	100.00
1996	15.12	0.73	3.37	21.73	2.31	32.46	16.41	7.86	100.00
1997	13.20	1.40	5.04	18.76	1.52	33.45	18.19	8.44	100.00
1998	11.82	0.85	6.30	18.20	1.56	34.88	17.37	9.02	100.00
1999	10.57	0.97	7.58	16.37	1.74	37.17	16.39	9.21	100.00
2000	9.33	0.84	8.58	18.91	0.78	36.86	15.55	9.14	100.00
2001	9.48	0.25	9.69	20.83	1.08	33.57	14.78	10.33	100.00
2002	8.77	0.99	10.70	18.56	1.02	33.31	16.29	10.35	100.00
Note: Because of timing and valuation differences, The National Balance Sheet Accounts data contained in this table are not necessarily on the same basis as other data elsewhere in this publication (most of the data in this report are on a par-value basis-that is, outstanding securities are valued at par). For this reason, although the two sets of data yield very similar information, the data in this table are not strictly comparable with other data in this publication.
1Includes bonds denominated in foreign currencies.
2Includes Quebec savings banks, credit unions and caisses populaires, trust companies and mortgage loan companies.
3Includes investment dealers, mutual funds, property and casualty insurance companies, sales, finance and consumer loan companies, accident and sickness branches of life insurance companies, other private financial institutions (not elsewhere included), federal public financial institutions, and provincial financial institutions.
4Includes Government of Canada holdings of its own debt, provincial, municipal and hospital holdings, and holdings of the Canada Pension Plan and the Quebec Pension Plan.
5May not add due to rounding.
Source: Statistics Canada, The National Balance Sheet Accounts.

Reference Table V
Non-Resident (Direct) Holdings of Government of Canada Debt

As at March 31	Marketable bonds1	Treasury bills and Canada Bills	Total	Total as per cent of total market debt
		(C$ billions)		(%)
1979	5.0	0.9	5.9	8.9
1980	5.6	0.7	6.3	8.7
1981	6.8	1.1	7.9	9.5
1982	8.8	1.1	9.9	10.6
1983	10.0	1.6	11.6	10.0
1984	10.3	2.6	12.9	9.0
1985	14.5	4.6	19.1	11.1
1986	22.1	3.0	25.1	12.5
1987	30.3	4.7	35.0	15.3
1988	33.0	9.3	42.3	16.9
1989	41.3	15.7	57.0	20.6
1990	49.9	13.3	63.2	21.5
1991	57.6	16.1	73.7	22.8
1992	63.6	23.0	86.6	24.6
1993	80.1	28.3	108.4	28.3
1994	79.3	34.0	113.3	27.4
1995	73.7	39.2	112.9	25.6
1996	84.1	37.7	121.8	25.9
1997	91.8	27.7	119.4	25.0
1998	94.3	20.0	114.3	24.5
1999	86.6	19.4	106.0	23.0
2000	85.7	14.2	99.9	21.9
2001	83.5	10.5	94.0	21.1
2002	74.0	7.4	81.4	18.4
2003	80.7	8.5	89.2	20.3
Note: Numbers may not add due to rounding.
1Includes bonds denominated in foreign currencies.
Source: Statistics Canada, Canada's International Transactions in Securities.

Reference Table VI
Fiscal 2002-03 Treasury Bill Program

	Maturing					New issues					Net increment			Average tender yields
Settlement Date	CMB1	3 mo	6 mo	12 mo	Total	CMB1	3 mo	6 mo	12 mo	Total	Total	Cumulative	O/S2	CMB1	3 mo	6 mo	12 mo
	($ millions)														(%)
04-Apr-2002	-	-	-	-	-	-	-	-	-	-	-	-	94,200
11-Apr-2002	-	4,100	3,500	-	7,600	-	4,400	1,800	1,800	8,000	400	400	94,600		2.38	2.68	3.36
18-Apr-2002	-	-	-	-	-	-	-	-	-	-	-	400	94,600
25-Apr-2002	-	4,400	-	3,200	7,600	3,000	4,700	1,900	1,900	11,500	3,900	4,300	98,500	2.27	2.41	2.72	3.37
02-May-2002	-	-	-	-	-	-	-	-	-	-	-	4,300	98,500
09-May-2002	-	4,400	3,600	-	8,000	-	4,700	1,900	1,900	8,500	500	4,800	99,000		2.47	2.67	3.17
16-May-2002	-	-	-	-	-	-	-	-	-	-	-	4,800	99,000
23-May-2002	-	4,400	-	2,900	7,300	-	4,700	1,900	1,900	8,500	1,200	6,000	100,200		2.62	2.91	3.53
30-May-2002	-	-	-	-	-	2,000	-	-	-	2,000	2,000	8,000	102,200	2.43
06-Jun-2002	300	4,400	3,500	-	10,900	1,500	4,700	1,900	1,900	10,000	-900	7,100	101,300	2.49	2.67	2.92	3.42
13-Jun-2002	-	-	-	-	-	-	-	-	-	-	-	7,100	101,300
20-Jun-2002	-	4,100	-	2,800	6,900	-	4,700	1,900	1,900	8,500	1,600	8,700	102,900		2.74	2.98	3.38
27-Jun-2002	-	-	-	-	-	-	-	-	-	-	-	8,700	102,900
04-Jul-2002	350	4,100	3,500	-	11,100	-	4,400	1,800	1,800	8,000	-3,100	5,600	99,800		2.75	2.94	3.27
11-Jul-2002	-	-	-	-	-	-	-	-	-	-	-	5,600	99,800
18-Jul-2002	-	4,400	-	3,100	7,500	-	4,400	1,800	1,800	8,000	500	6,100	100,300		2.83	2.96	3.23
25-Jul-2002	-	-	-	-	-	750	-	-	-	750	750	6,850	101,050	2.69
01-Aug-2002	750	4,700	3,600	-	9,050	-	4,700	1,900	1,900	8,500	-550	6,300	100,500		2.85	2.98	3.16
08-Aug-2002	-	-	-	-	-	-	-	-	-	-	-	6,300	100,500
15-Aug-2002	-	4,700	-	3,200	7,900	-	4,400	1,800	1,800	8,000	100	6,400	100,600		2.81	2.89	2.98
22-Aug-2002	-	-	-	-	-	-	-	-	-	-	-	6,400	100,600
29-Aug-2002	-	4,700	3,500	-	8,200	1,250	4,400	1,800	1,800	9,250	1,050	7,450	101,650	2.82	2.30	3.14	3.35
05-Sep-2002	-	-	-	-	-	-	-	-	-	-	-	7,450	101,650
12-Sep-2002	125	4,700	-	3,300	9,250	-	4,400	1,800	1,800	8,000	-1,250	6,200	100,400		2.83	3.02	3.24
19-Sep-2002	-	-	-	-	-	-	-	-	-	-	-	6,200	100,400
26-Sep-2002	-	4,700	3,500	-	8,200	2,000	4,400	1,800	1,800	10,000	1,800	8,000	102,200	2.68	2.83	2.92	3.07

Reference Table VI (cont'd)
Fiscal 2002-03 Treasury Bill Program

	Maturing					New issues					Net increment			Average tender yields
Settlement Date	CMB1	3 mo	6 mo	12 mo	Total	CMB1	3 mo	6 mo	12 mo	Total	Total	Cumulative	O/S2	CMB1	3 mo	6 mo	12 mo
	($ millions)													(%)
03-Oct-2002	-	-	-	-	-	-	-	-	-	-	-	8,000	102,200
10-Oct-2002	2,000	4,400	-	3,500	9,900	-	4,700	1,900	1,900	8,500	-1,400	6,600	100,800		2.81	2.92	3.11
17-Oct-2002	-	-	-	-	-	-	-	-	-	-	-	6,600	100,800
24-Oct-2002	-	4,400	3,800	-	8,200	2,750	4,700	1,900	1,900	11,250	3,050	9,650	103,850	2.70	2.81	2.93	3.20
31-Oct-2002	-	-	-	-	-	-	-	-	-	-	-	9,650	103,850
07-Nov-2002	-	4,700	-	3,600	8,300	-	5,000	2,000	2,000	9,000	700	10,350	104,550		2.73	2.82	2.94
14-Nov-2002	-	-	-	-	-	-	-	-	-	-	-	10,350	104,550
21-Nov-2002	-	4,400	3,800	-	8,200	-	4,700	1,900	1,900	8,500	300	10,650	104,850		2.73	2.82	2.96
28-Nov-2002	-	-	-	-	-	1,750	-	-	-	1,750	1,750	12,400	106,600	2.70
05-Dec-2002	2,750	4,400	-	3,500	10,650	-	4,400	1,800	1,800	8,000	-2,650	9,750	103,950		2.73	2.83	3.07
12-Dec-2002	-	-	-	-	-	-	-	-	-	-	-	9,750	103,950
19-Dec-2002	-	4,400	3,700	-	8,100	1,000	4,100	1,700	1,700	8,500	400	10,150	104,350	2.69	2.70	2.81	2.99
26-Dec-2002	-	-	-	-	-	-	-	-	-	-	-	10,150	104,350
02-Jan-2003	2,750	4,400	-	3,500	10,650	-	3,800	1,600	1,600	7,000	-3,650	6,500	100,700		2.67	2.78	2.89
09-Jan-2003	-	-	-	-	-	-	-	-	-	-	-	6,500	100,700
16-Jan-2003	-	4,700	3,700	-	8,400	-	4,100	1,700	1,700	7,500	-900	5,600	99,800		2.69	2.82	2.97
23-Jan-2003	-	-	-	-	-	3,000	-	-	-	3,000	3,000	8,600	102,800	2.73
30-Jan-2003	-	4,700	-	3,600	8,300	-	4,700	1,900	1,900	8,500	200	8,800	103,000		2.81	2.30	3.24
06-Feb-2003	-	-	-	-	-	-	-	-	-	-	-	8,800	103,000
13-Feb-2003	3,000	5,000	3,600	-	11,600	-	4,100	1,700	1,700	7,500	-4,100	4,700	98,900		2.83	2.94	3.25
20-Feb-2003	-	-	-	-	-	750	-	-	-	750	750	5,450	99,650	2.65
27-Feb-2003	-	4,700	-	3,500	8,200	-	4,700	1,900	1,900	8,500	300	5,750	99,950		2.86	3.03	3.28
06-Mar-2003	-	-	-	-	-	-	-	-	-	-	-	5,750	99,950
13-Mar-2003	750	4,400	3,600	-	8,750	-	4,700	1,900	1,900	8,500	-250	5,500	99,700		3.00	3.19	3.39
20-Mar-2003	-	-	-	-	-	2,500	-	-	-	2,500	2,500	8,000	102,200	2.93
27-Mar-2003	-	4,100	-	3,500	7,600	1,500	4,700	1,900	1,900	10,000	2,400	10,400	104,600	2.99	3.14	3.37	3.66
Total	19,750	116,500	46,900	43,200	226,350	23,750	117,400	47,800	47,800	236,750	10,400	363,850	5,262,250
1Cash management bill. 2Outstanding. Source: Bank of Canada.

Reference Table VII
Fiscal 2002-03 Treasury Bill Auction Results

Auction date	Term	Issue amount	Average price	Average yield	Bid coverage	Tail
	(months)	($ millions)	($)	(%)		(basis points)
09-Apr-02	12	1,800	95.840	4.527	1.565	1.1
09-Apr-02	3	4,400	98.808	4.493	1.452	1.7
09-Apr-02	6	1,800	97.960	4.525	2.021	1.0
23-Apr-02	12	1,900	95.767	4.432	1.733	1.3
23-Apr-02	3	4,700	97.871	4.363	1.939	1.0
23-Apr-02	6	1,900	98.830	4.410	1.544	1.8
07-May-02	12	1,900	98.066	4.284	1.831	1.1
07-May-02	3	4,700	98.855	4.313	1.942	0.7
07-May-02	6	1,900	95.969	4.380	2.095	0.4
21-May-02	12	1,900	95.617	4.597	1.745	1.3
21-May-02	3	4,700	97.828	4.453	2.028	0.7
21-May-02	6	1,900	98.832	4.401	1.862	0.9
04-Jun-02	12	1,900	95.863	4.501	1.916	0.9
04-Jun-02	3	4,700	98.854	4.317	1.851	0.7
04-Jun-02	6	1,900	98.025	4.378	2.420	0.2
18-Jun-02	12	1,900	95.804	4.392	2.212	0.8
18-Jun-02	3	4,700	98.874	4.242	2.221	0.5
18-Jun-02	6	1,900	97.906	4.289	2.220	0.4
02-Jul-02	12	1,800	95.750	4.629	1.891	0.4
02-Jul-02	3	4,400	98.842	4.364	1.909	0.5
02-Jul-02	6	1,800	97.984	4.470	2.067	0.8
16-Jul-02	12	1,800	95.753	4.448	1.714	0.5
16-Jul-02	3	4,400	98.894	4.164	1.910	0.3
16-Jul-02	6	1,800	97.918	4.265	2.194	0.8
30-Jul-02	12	1,900	96.121	4.209	2.045	0.5
30-Jul-02	6	1,900	98.166	4.058	2.092	0.6
30-Jul-02	3	4,700	98.930	4.029	2.056	0.6
13-Aug-02	12	1,800	96.078	4.093	1.822	0.7
13-Aug-02	3	4,400	98.951	3.950	1.825	0.8
13-Aug-02	6	1,800	98.059	3.969	2.077	0.8
27-Aug-02	12	1,800	96.394	3.901	2.228	0.4
27-Aug-02	3	4,400	98.264	3.838	2.288	0.7
27-Aug-02	6	1,800	98.989	3.805	1.754	0.9
10-Sep-02	12	1,800	96.742	3.377	1.957	1.3
10-Sep-02	3	4,400	99.109	3.348	1.657	10.2
10-Sep-02	6	1,800	98.342	3.381	1.828	2.3
24-Sep-02	12	1,800	99.191	3.039	1.802	1.1
24-Sep-02	3	4,400	97.214	2.989	2.092	0.9
24-Sep-02	6	1,800	98.649	2.975	2.149	0.5
08-Oct-02	12	1,900	98.591	2.866	1.969	1.1
08-Oct-02	3	4,700	99.213	2.955	1.842	0.9
08-Oct-02	6	1,900	97.200	2.889	1.919	0.7
22-Oct-02	12	1,900	99.323	2.540	1.852	1.7
22-Oct-02	3	4,700	98.848	2.532	2.306	0.6
22-Oct-02	6	1,900	97.543	2.627	2.013	1.2
05-Nov-02	12	2,000	97.739	2.320	2.086	0.8
05-Nov-02	3	5,000	99.391	2.281	1.805	0.9
05-Nov-02	6	2,000	98.881	2.269	1.989	0.8
19-Nov-02	12	1,900	97.620	2.543	1.514	1.7
19-Nov-02	3	4,700	99.411	2.207	1.753	1.3
19-Nov-02	6	1,900	98.948	2.309	2.088	0.9
03-Dec-02	12	1,800	99.453	2.048	1.831	0.9
03-Dec-02	3	4,400	98.987	2.052	1.896	0.6
03-Dec-02	6	1,800	97.712	2.348	1.929	0.5
17-Dec-02	12	1,700	97.797	2.349	1.814	0.6
17-Dec-02	3	4,100	99.467	1.996	2.065	0.4
17-Dec-02	6	1,700	99.061	2.059	1.942	0.5
30-Dec-02	12	1,600	99.490	1.911	1.799	0.9
30-Dec-02	3	3,800	97.775	2.276	1.906	0.9
30-Dec-02	6	1,600	99.022	1.981	1.881	1.3
14-Jan-03	12	1,700	97.973	2.151	1.706	1.3
14-Jan-03	3	4,100	99.492	1.901	1.810	1.2
14-Jan-03	6	1,700	99.105	1.961	1.989	0.7
28-Jan-03	12	1,900	99.475	1.966	1.935	1.0
28-Jan-03	3	4,700	97.619	2.446	1.955	0.9
28-Jan-03	6	1,900	98.953	2.122	2.006	0.6
11-Feb-03	12	1,700	97.673	2.484	1.842	0.8
11-Feb-03	3	4,100	99.019	2.152	2.085	0.8
11-Feb-03	6	1,700	99.466	2.001	1.903	0.9
25-Feb-03	12	1,900	99.447	2.070	1.747	1.0
25-Feb-03	3	4,700	98.903	2.224	1.790	0.6
25-Feb-03	6	1,900	97.436	2.639	1.650	1.1
11-Mar-03	12	1,900	97.158	3.050	1.601	2.0
11-Mar-03	3	4,700	98.891	2.436	1.791	1.3
11-Mar-03	6	1,900	99.426	2.152	1.881	0.8
25-Mar-03	12	1,900	98.659	2.725	2.058	0.7
25-Mar-03	3	4,700	99.375	2.343	2.005	0.7
25-Mar-03	6	1,900	96.643	3.483	2.077	0.7
Total		213,000
Note: Coverage is defined as the ratio of total bids at auction to the amount auctioned. Tail is defined as the high accepted yield minus the average yield.
Source: Bank of Canada.

Reference Table VIII
Fiscal 2002-03 Canadian-Dollar Marketable Bond Program

Offering date	Delivery date	Maturity date	Maturing	Gross	Bond repurchase	Net
	($ millions)
Fixed-coupon bonds
2002	2002
	April 1		5,450	-	-	-5,450
April 17	April 22	June 1, 2012	-	2,400	150	2,250
	May 1		1,662	-	-	-1,662
May 11	May 6	June 1, 2033	-	500	477	23
May 15	May 21	September 1, 2007	-	2,400	500	1,900
May 29	May 31	December 1, 2004	-	3,500	700	2,800
	June 1		4,000	-	-	-4,000
June 191	June 25	June 1, 2012	-	500	357	143
July 10	July 15	June 1, 2033	-	1,900	600	1,300
July 171	July 22	September 1, 2007	-	600	647	-47
July 31	August 6	June 1, 2012	-	2,500	600	1,900
August 14	August 19	September 1, 2007	-	2,400	473	1,927
August 28	August 30	December 1, 2004		3,000	700	2,300
	September 3		7,330	-	-	-7,330
September 251	September 30	June 1, 2012	-	600	372	228
October 91	October 15	June 1, 2012	-	600	294	306
October 30	November 4	June 1, 2013	-	2,400	600	1,800
November 13	November 18	September 1, 2008	-	2,400	246	2,154
November 201	November 25	June 1, 2033	-	400	390	10
November 27	November 29	June 1, 2005	-	3,500	700	2,800
	December 2		4,000	-	-	-4,000
December 111	December 16	June 1, 2013	1,068	600	329	-797
December 181	December 23	September 1, 2008	-	400	432	-32
2003	2003
January 15	January 20	June 1, 2033	-	1,700	600	1,100
January 301	February 3	June 1, 2005	1,717	400	486	-1,803
February 5	February 10	June 1, 2013	-	2,400	153	2,247
February 19	February 24	September 1, 2008	-	2,400	436	1,964
February 261	March 3	June 1, 2033	-	300	281	19
March 5	March 7	June 1, 2005	-	3,500	608	2,892
March 191	March 24	June 1, 2013	-	600	443	157
March 261	March 31	September 1, 2008	-	400	491	-91

Reference Table VIII (cont'd)
Fiscal 2002-03 Canadian-Dollar Marketable Bond Program

Offering date	Delivery date	Maturity date	Maturing	Gross	Bond repurchase	Net
	($ millions)
Real Return Bonds
2002	2002
June 5	June 10	December 1, 2031	-	400	-	400
September 11	September 16	December 1, 2031	-	300	-	300
December 4	December 9	December 1, 2031	-	400	-	400
2003	2003
March 12	March 17	December 1, 2031	-	300	-	300
Total fiscal year 2002-2003			25,227	43,700	12,065	6,408
*Maturing date.
Source: Bank of Canada.
1Buyback on a switch basis.

Reference Table IX
Fiscal 2002-2003 Marketable Bond Auction Results

Auction date	Term	Maturity date	Coupon rate	Issue amount	Average price	Average yield	Auction coverage	Tail
	(years)		(%)	($ millions)	($)	(%)		(basis points)
17-Apr-02	10	1-Jun-12	5.25	2,400	96.445	5.717	2.41	0.8
15-May-02	5	1-Sep-07	4.50	2,400	96.136	5.348	2.43	1.0
29-May-02	2	1-Dec-04	4.25	3,500	99.503	4.462	2.34	0.8
05-Jun-02	30	1-Dec-31	4.00*	400	108.954	3.510	3.26	n/a
10-Jul-02	30	1-Jun-33	5.75	1,900	99.978	5.751	2.36	0.9
31-Jul-02	10	1-Jun-12	5.25	2,500	99.356	5.334	2.64	1.1
14-Aug-02	5	1-Sep-07	4.50	2,400	100.936	4.291	2.43	0.8
28-Aug-02	2	1-Dec-04	4.25	3,000	101.109	3.730	2.31	0.5
11-Sep-02	30	1-Dec-31	4.00*	300	112.710	3.317	3.08	n/a
30-Oct-02	10	1-Jun-13	5.25	2,400	99.476	5.316	2.43	1.0
13-Nov-02	5	1-Sep-08	4.25	2,400	98.780	4.493	2.43	0.5
27-Nov-02	2	1-Jun-05	3.50	3,500	99.500	3.711	2.25	0.9
04-Dec-02	30	1-Dec-31	4.00*	400	110.807	3.410	3.00	n/a
15-Jan-03	30	1-Jun-33	5.75	1,700	104.162	5.467	2.74	0.6
05-Feb-03	10	1-Jun-13	5.25	2,400	100.848	5.142	2.49	0.3
19-Feb-03	5	1-Sep-08	4.25	2,400	98.710	4.517	2.49	0.3
05-Mar-03	2	1-Jun-05	3.50	3,500	99.588	3.692	2.42	0.6
12-Mar-03	30	1-Dec-31	4.00*	300	124.267	2.769	3.31	n/a
Total				37,800
Note: Coverage is defined as the ratio of total bids at auction to the amount auctioned. Tail is defined as the high accepted yield minus the average yield.
* Real return bonds.
Source: Department of Finance.

Reference Table X
Outstanding Government of Canada Canadian-Dollar Marketable Bonds as at March 31, 2003

Maturity date	Amount	Coupon rate
	($ millions)	(%)
Fixed-coupon
01-Jun-03	1,124	5.75
01-Jun-03	6,505	7.25
01-Sep-03	8,230	5.25
01-Oct-03	452	9.50
01-Dec-03	5,907	5.00
01-Dec-03	8,579	7.50
01-Feb-04	929	10.25
01-Jun-04	7,000	3.50
01-Jun-04	7,900	6.50
01-Jun-04	541	13.50
01-Sep-04	10,377	5.00
01-Oct-04	274	10.50
01-Dec-04	6,500	4.25
01-Dec-04	7,700	9.00
01-Mar-05	497	12.00
01-Jun-05	7,400	3.50
01-Sep-05	10,920	6.00
01-Sep-05	1,065	12.25
01-Dec-05	6,548	8.75
01-Mar-06	276	12.75
01-Sep-06	10,000	5.75
01-Oct-06	771	14.00
01-Dec-06	7,040	7.00
01-Mar-07	205	13.75
01-Jun-07	8,806	7.25
01-Sep-07	10,400	4.50
01-Oct-07	485	13.00
01-Mar-08	624	12.75
01-Jun-08	9,030	6.00
01-Jun-08	3,258	10.00
01-Sep-08	5,600	4.25
01-Oct-08	425	11.75
01-Mar-09	246	11.50
01-Jun-09	9,380	5.50
01-Jun-09	669	11.00
01-Oct-09	330	10.75
01-Mar-10	89	9.75
01-Jun-10	10,400	5.50
01-Jun-10	2,473	9.50
01-Oct-10	142	8.75
01-Mar-11	710	9.00
01-Jun-11	15,000	6.00
01-Jun-11	669	8.50
01-Jun-12	11,600	5.25
01-Jun-13	6,000	10.25
15-Mar-14	2,169	11.25
01-Jun-15	1,232	10.50
15-Mar-21	1,392	10.50
01-Jun-21	2,079	9.75
01-Jun-22	899	9.25
01-Jun-23	8,054	8.00
01-Jun-25	8,738	9.00
01-Jun-27	9,323	8.00
01-Jun-29	13,900	5.75
01-Jun-33	9,200	5.75
Total	270,062

Reference Table X (cont'd)
Outstanding Government of Canada Canadian-Dollar Marketable Bonds as at March 31, 2003

Maturity date	Amount	Coupon rate
	($ millions)	(%)
Real return bonds
01-Dec-2021	5,175	4.25
01-Dec-2026	5,250	4.25
01-Dec-2031	5,800	4.00
Total1	16,225
1 Real return bond figures show gross issue amount only-the consumer price index adjustment is not shown here.
Source: Bank of Canada

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