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Archived - Debt Management Report 2003–2004 : 2

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

Gross public debt 

Outstanding market debt

Fiscal years Outstanding Fixed-rate portion1 Average fixed-rate  portion2 Total debt charges Outstanding3 Fixed-rate portion Total debt charges  Average interest rate

($ billions)

(%)

(%)

($ billions)

($ billions)

(%)

($ billions)

 (%)

1985–86

321.5

51.9

0

27.7

202.3

36.7

20.7

10.66

1986–87

357.2

50.9

0

28.7

229.7

36.9

21.5

9.34

1987–88

390.3

51.2

0

31.2

251.9

38.2

23.1

9.61

1988–89

423.8

49.6

0

35.5

277.4

37.2

26.5

10.82

1989–90

451.8

49.9

0

41.2

295.7

38.1

31.4

11.20

1990–91

490.3

50.4

0

45.0

325.0

38.5

34.3

10.72

1991–92

526.9

50.7

0

43.9

353.0

38.9

32.4

8.86

1992–93

566.0

50.4

0

41.3

383.9

39.0

29.4

7.88

1993–94

610.7

53.3

0

40.1

415.1

42.7

28.0

6.75

1994–95

651.6

55.1

0

44.2

442.8

44.4

31.4

7.97

1995–96

694.6

56.9

0

49.4

471.4

47.9

35.3

7.34

1996–97

711.9

61.7

0

47.3

478.8

53.8

33.0

6.66

1997–98

713.4

63.7

0

43.1

469.2

56.8

31.0

6.64

1998–99

717.7

64.5

66.6

43.3

463.0

58.5

30.8

6.70

1999–00

716.3

66.5

66.6

43.4

459.0

59.1

30.5

6.15

2000–01

715.0

67.8

67.6

43.9

449.0

60.5

30.7

6.11

2001–02

704.3

67.4

67.6

39.7

444.9

60.1

27.4

5.56

2002–03

700.1

65.8

65.8

37.3

442.4

61.2

25.2

5.32

2003–04

701.1

63.8

64.4

35.7

440.2

58.7

23.4

4.91

1

For 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.

2 Average over the year. Comparative figures for prior years are not available.

3 Includes capital lease obligations.

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 Treasury bills Marketable bonds Retail debt CPP bonds  Total Marketable bonds  Canada  bills  Canada notes1    Standby drawings  Term loan 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

2003–04

113,400

276,022

21,521

3,351

414,294

20,523

3,364

1,085

0

0

24,972

439,266

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.

1 Includes EMTNs.

Sources: Bank of Canada Review, Department of Finance.

Reference Table III
Average Weekly Domestic Market Trading in Government of Canada Securities, April 2003 to March 2004

Marketable bonds

Treasury bills 3 years and under 3 to 10 years Over 10 years Real return bonds Total marketable bonds Total

($ millions)

April 2003

22,555

35,109

36,682

6,871

377

79,039

101,594

May 2003

20,535

37,425

41,998

10,732

303

90,458

110,993

June 2003

22,976

39,559

54,823

9,430

468

104,280

127,256

July 2003

24,091

34,857

53,167

7,920

332

96,276

120,367

August 2003

22,738

29,844

41,307

6,514

228

77,893

100,631

September 2003

24,686

39,767

39,831

6,231

267

86,096

110,782

October 2003

23,631

35,954

39,675

7,645

299

83,573

107,204

November 2003

23,744

32,658

37,109

7,562

212

77,541

101,285

December 2003

27,154

26,908

33,554

6,040

453

66,955

94,109

January 2004

25,009

38,429

42,207

10,718

477

91,831

116,840

February 2004

26,511

38,920

42,681

8,033

392

90,026

116,537

March 2004

27,671

36,903

45,891

8,777

343

91,914

119,585

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- banks2 Life insurance companies and pension funds Public  and other financial institutions3 All levels of government4 Foreign  Total5
($ millions)

1976

17,932

395

8,242

8,666

716

1,436

2,273

730

1,652

42,042

1977

20,277

321

10,268

9,601

1,048

2,271

3,114

1,014

2,185

50,099

1978

22,723

403

12,001

9,896

1,537

3,738

4,017

1,721

4,770

60,806

1979

23,144

374

13,656

10,156

1,684

6,716

4,103

2,878

5,956

68,667

1980

24,253

555

15,858

10,002

2,771

9,274

5,561

4,248

7,630

80,152

1981

33,425

520

17,100

10,003

2,452

10,569

5,342

4,194

9,102

92,707

1982

42,320

2,267

15,428

11,233

3,288

13,151

9,177

4,654

10,737

112,255

1983

50,306

5,502

16,859

15,107

5,551

17,816

9,984

5,321

12,091

138,537

1984

60,748

6,783

17,184

15,164

4,887

24,039

11,978

7,166

16,205

164,154

1985

74,331

7,387

15,668

15,198

5,706

31,068

15,086

10,106

21,608

196,158

1986

71,073

6,259

18,374

17,779

7,277

34,887

18,414

11,293

33,060

218,416

1987

83,732

8,591

20,201

16,012

6,400

38,870

19,547

13,918

36,462

243,733

1988

86,591

8,634

20,606

21,115

7,492

42,460

19,028

17,186

51,134

274,246

1989

81,566

11,402

21,133

20,804

9,854

48,037

23,950

17,840

61,707

296,293

1990

80,079

11,797

20,325

24,224

10,460

52,984

26,051

19,574

72,586

318,080

1991

72,945

11,580

22,370

35,792

12,091

57,846

33,054

21,015

82,553

349,246

1992

70,930

13,696

22,607

44,555

12,428

62,042

39,396

20,222

88,878

374,754

1993

61,221

10,359

23,498

60,242

11,229

69,917

45,321

18,397

108,847

409,031

1994

52,842

12,039

24,902

70,063

9,992

78,545

52,847

24,967

110,080

436,277

1995

48,867

12,048

23,590

76,560

10,947

87,467

59,044

26,324

116,543

461,390

1996

46,187

10,013

25,556

74,789

10,952

90,174

71,514

24,828

118,474

472,487

1997

39,924

10,470

27,198

67,715

7,054

94,991

79,445

25,509

112,865

465,171

1998

33,537

8,525

27,911

66,375

6,659

99,687

79,895

28,174

106,763

457,526

1999

37,118

9,290

29,075

54,080

7,944

108,656

81,257

28,394

102,263

458,077

2000

33,259

9,062

31,726

58,269

2,842

108,752

73,911

30,280

91,477

439,578

2001

33,979

7,643

37,204

65,396

3,561

99,744

76,482

34,341

80,974

439,324

2002

22,860

8,417

38,859

66,057

3,307

97,463

81,521

33,436

88,237

440,157

2003

21,455

7,827

40,398

67,434

3,605

101,096

85,176

38,184

68,065

433,240

Reference Table IV (cont’d)
Distribution of Domestic Holdings of Government of Canada Securities
PART B —Treasury Bills, Canada Bills, Bonds,1 and 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 Foreign  Total5
(%)

1976

42.65

0.94

19.60

20.61

1.70

3.42

5.41

1.74

3.93

100.00

1977

40.47

0.64

20.50

19.16

2.09

4.53

6.22

2.02

4.36

100.00

1978

37.37

0.66

19.74

16.27

2.53

6.15

6.61

2.83

7.84

100.00

1979

33.70

0.54

19.89

14.79

2.45

9.78

5.98

4.19

8.67

100.00

1980

30.26

0.69

19.78

12.48

3.46

11.57

6.94

5.30

9.52

100.00

1981

36.05

0.56

18.45

10.79

2.64

11.40

5.76

4.52

9.82

100.00

1982

37.70

2.02

13.74

10.01

2.93

11.72

8.18

4.15

9.56

100.00

1983

36.31

3.97

12.17

10.90

4.01

12.86

7.21

3.84

8.73

100.00

1984

37.01

4.13

10.47

9.24

2.98

14.64

7.30

4.37

9.87

100.00

1985

37.89

3.77

7.99

7.75

2.91

15.84

7.69

5.15

11.02

100.00

1986

32.54

2.87

8.41

8.14

3.33

15.97

8.43

5.17

15.14

100.00

1987

34.35

3.52

8.29

6.57

2.63

15.95

8.02

5.71

14.96

100.00

1988

31.57

3.15

7.51

7.70

2.73

15.48

6.94

6.27

18.65

100.00

1989

27.53

3.85

7.13

7.02

3.33

16.21

8.08

6.02

20.83

100.00

1990

25.18

3.71

6.39

7.62

3.29

16.66

8.19

6.15

22.82

100.00

1991

20.89

3.32

6.41

10.25

3.46

16.56

9.46

6.02

23.64

100.00

1992

18.93

3.65

6.03

11.89

3.32

16.56

10.51

5.40

23.72

100.00

1993

14.97

2.53

5.74

14.73

2.75

17.09

11.08

4.50

26.61

100.00

1994

12.11

2.76

5.71

16.06

2.29

18.00

12.11

5.72

25.23

100.00

1995

10.59

2.61

5.11

16.59

2.37

18.96

12.80

5.71

25.26

100.00

1996

9.78

2.12

5.41

15.83

2.32

19.08

15.14

5.25

25.07

100.00

1997

8.58

2.25

5.85

14.56

1.52

20.42

17.08

5.48

24.26

100.00

1998

7.33

1.86

6.10

14.51

1.46

21.79

17.46

6.16

23.33

100.00

1999

8.10

2.03

6.35

11.81

1.73

23.72

17.74

6.20

22.32

100.00

2000

7.57

2.06

7.22

13.26

0.65

24.74

16.81

6.89

20.81

100.00

2001

7.73

1.74

8.47

14.89

0.81

22.70

17.41

7.82

18.43

100.00

2002

5.19

1.91

8.83

15.01

0.75

22.14

18.52

7.60

20.05

100.00

2003

5.10

1.80

9.31

15.54

0.83

23.30

19.63

8.80

15.69

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

2003

987

5,268

11,733

26,150

863

15,196

40,843

7,647

108,687

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

2003

0.91

4.85

10.80

24.06

0.79

13.98

37.58

7.04

100.00

Reference Table IV (cont’d)
Distribution of Domestic Holdings of Government of Canada Securities
PART E—Bonds
1

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

2003

20,468

2,559

28,665

41,284

2,742

85,900

44,333

30,537

256,488

Reference Table IV (cont’d)
Distribution of Domestic Holdings of Government of Canada Securities
PART F—Bonds
1

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

2003

7.98

1.00

11.18

16.10

1.07

33.49

17.28

11.91

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.

1 Includes bonds denominated in foreign currencies.

2 Includes Quebec savings banks, credit unions and caisses populaires, trust companies and mortgage loan companies.

3 Includes 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.

4 Includes 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.

5 May 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 Canada bills Total Total as 
per cent 
of total
market debt2
(C$ billions) (%)

1979

5.0

0.9

5.9

 

1980

5.6

0.7

6.3

 

1981

6.8

1.1

7.9

 

1982

8.8

1.1

9.9

 

1983

10.0

1.6

11.6

 

1984

10.3

2.6

12.9

 

1985

14.5

4.6

19.1

 

1986

22.1

3.0

25.1

12.4

1987

30.3

4.7

35.0

15.2

1988

33.0

9.3

42.3

16.8

1989

41.3

15.7

57.0

20.5

1990

49.9

13.3

63.2

21.4

1991

57.6

16.1

73.7

22.7

1992

63.6

23.0

86.6

24.5

1993

80.1

28.3

108.4

28.2

1994

79.3

34.0

113.3

27.3

1995

73.7

39.2

112.9

25.5

1996

84.1

37.7

121.8

25.8

1997

91.8

27.7

119.4

24.9

1998

94.3

20.0

114.3

24.4

1999

86.6

19.4

106.0

22.9

2000

85.7

14.2

99.9

21.8

2001

83.5

10.5

94.0

20.9

2002

74.0

7.4

81.4

18.3

2003

80.7

8.5

89.2

20.2

2004

57.0

9.2

66.2

15.0

Note: Numbers may not add due to rounding.

1 Includes bonds denominated in foreign currencies.

2 Includes capital lease obligations. For the 1979–1985 period, market debt data (includes capital leases) is unavailable.

Source: Statistics Canada, Canada’s International Transactions in Securities.

Reference Table VI
Fiscal 2003–04 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) (%)

10-Apr-2003

4,000

3,800

3,800

 

11,600

4,100

1,700

1,700

7,500

-4,100

-4,100

100,500

   

3.19

3.36

3.62

24-Apr-2003

 

4,100

 

3,800

7,900

4,700

1,900

1,900

8,500

600

-3,500

101,100

   

3.24

3.36

3.55

8-May-2003

 

4,700

3,900

 

8,600

4,700

1,900

1,900

8,500

-100

-3,600

101,000

   

3.22

3.35

3.55

22-May-2003

 

4,100

 

3,800

7,900

3,000

5,000

2,000

2,000

12,000

4,100

500

105,100

3.22

3.20

3.32

3.43

29-May-2003

       

0

2,000

     

2,000

2,000

2,500

107,100

3.19

     

5-Jun-2003

3,000

4,700

3,500

 

11,200

5,000

2,000

2,000

9,000

-2,200

300

104,900

   

3.15

3.19

3.17

19-Jun-2003

 

4,700

 

3,700

8,400

5,000

2,000

2,000

9,000

600

900

105,500

   

3.13

3.08

2.97

26-Jun-2003

       

0

2,000

     

2,000

2,000

2,900

107,500

3.08

     

3-Jul-2003

2,000

4,700

3,300

 

10,000

5,000

2,000

2,000

9,000

-1,000

1,900

106,500

   

3.08

3.04

2.99

17-Jul-2003

 

4,100

 

3,700

7,800

5,300

2,100

2,100

9,500

1,700

3,600

108,200

   

2.87

2.89

2.89

29-Jul-2003

       

0

1,000

     

1,000

1,000

4,600

109,200

2.95

     

31-Jul-2003

 

4,700

3,600

 

8,300

5,300

2,100

2,100

9,500

1,200

5,800

110,400

   

2.81

2.72

2.69

5-Aug-2003

1,000

     

1,000

       

0

-1,000

4,800

109,400

       

14-Aug-2003

2,000

4,700

 

3,600

10,300

 

5,300

2,100

2,100

9,500

-800

4,000

108,600

 

2.82

2.78

2.84

21-Aug-2003

       

0

3,000

     

3,000

3,000

7,000

111,600

2.79

     

28-Aug-2003

 

5,000

3,800

 

8,800

2,000

5,300

2,100

2,100

11,500

2,700

9,700

114,300

2.91

2.70

2.74

2.85

4-Sep-2003

2,000

     

2,000

       

0

-2,000

7,700

112,300

       

11-Sep-2003

 

5,000

 

3,600

8,600

 

5,000

2,000

2,000

9,000

400

8,100

112,700

 

2.65

2.68

2.80

25-Sep-2003

3,000

5,000

3,600

 

11,600

1,500

5,300

2,100

2,100

11,000

-600

7,500

112,100

2.69

2.60

2.59

2.67

2-Oct-2003

1,500

     

1,500

       

0

-1,500

6,000

110,600

       

9-Oct-2003

 

5,000

 

3,800

8,800

 

5,000

2,000

2,000

9,000

200

6,200

110,800

 

2.59

2.62

2.68

23-Oct-2003

 

5,300

3,800

 

9,100

 

5,300

2,100

2,100

9,500

400

6,600

111,200

 

2.65

2.70

2.83

29-Oct-2003

       

0

500

     

500

500

7,100

111,700

2.63

     
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

6-Nov-2003

500

5,300

 

3,900

9,700

 

5,600

2,200

2,200

10,000

300

7,400

112,000

 

2.66

2.67

2.81

20-Nov-2003

 

5,300

4,000

 

9,300

3,000

5,900

2,300

2,300

13,500

4,200

11,600

116,200

2.73

2.71

2.77

2.93

26-Nov-2003

       

0

2,000

     

2,000

2,000

13,600

118,200

2.68

     

27-Nov-2003

       

0

1,250

     

1,250

1,250

14,850

119,450

2.69

     

4-Dec-2003

1,250

5,300

 

3,500

10,050

 

5,300

2,100

2,100

9,500

-550

14,300

118,900

 

2.68

2.71

2.86

18-Dec-2003

3,000

5,000

4,000

 

12,000

1,500

5,000

2,000

2,000

10,500

-1,500

12,800

117,400

2.69

2.64

2.63

2.68

30-Dec-2003

 

5,300

 

3,300

8,600

 

4,400

1,800

1,800

8,000

-600

12,200

116,800

 

2.59

2.59

2.63

5-Jan-2004

1,500

     

1,500

       

0

-1,500

10,700

115,300

       

7-Jan-2004

2,000

     

2,000

       

0

-2,000

8,700

113,300

       

15-Jan-2004

 

5,000

4,200

 

9,200

 

3,800

1,600

1,600

7,000

-2,200

6,500

111,100

 

2.47

2.47

2.50

28-Jan-2004

       

0

1,000

     

1,000

1,000

7,500

112,100

2.44

     

29-Jan-2004

 

5,300

 

3,600

8,900

 

3,800

1,600

1,600

7,000

-1,900

5,600

110,200

 

2.26

2.26

2.25

2-Feb-2004

1,000

     

1,000

       

0

-1,000

4,600

109,200

       

12-Feb-2004

 

5,600

4,200

 

9,800

 

4,400

1,800

1,800

8,000

-1,800

2,800

107,400

 

2.23

2.23

2.25

26-Feb-2004

 

5,900

 

3,800

9,700

 

5,000

2,000

2,000

9,000

-700

2,100

106,700

 

2.13

2.14

2.17

11-Mar-2004

 

5,300

4,100

 

9,400

 

5,600

2,200

2,200

10,000

600

2,700

107,300

 

2.10

2.10

2.11

18-Mar-2004

       

0

1,200

     

1,200

1,200

3,900

108,500

2.16

     

25-Mar-2004

 

5,000

 

3,600

8,600

2,500

5,600

2,200

2,200

12,500

3,900

7,800

112,400

2.16

1.99

1.98

2.01

29-Mar-2004

       

0

1,000

     

1,000

1,000

8,800

113,400

2.22

     

Total

27,750

127,900

49,800

47,700

253,150

28,450

129,700

51,900

51,900

261,950

8,800

           

1

Cash management bill.

2 Outstanding.

Source: Bank of Canada.

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