Archived - Dept Management Report 2005-2006 : 2

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Reference Tables

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

Fiscal years	Market debt	Market debt value adjustment	Accounts payable and accrued liabilities	Pension& other liabilities	Gross debt	Financial assets	Net debt	Non- financial assets	Accumulated deficit	Gross public debt charges	Fixed-rate portion of interest- bearing debt1
	($ billions)										(%)
	+	+	+	=	-	=	-	=
1985–86	201.2	-0.4	39.4	79.1	319.4	70.1	249.2	21.4	227.8	27.7	51.9
1986–87	228.6	-0.4	42.1	84.7	355.0	73.2	281.8	24.2	257.7	28.7	50.9
1987–88	250.8	-0.9	47.2	90.9	388.0	75.0	313.0	26.3	286.7	31.2	51.2
1988–89	276.3	-2.2	50.2	97.1	421.4	77.9	343.6	29.0	314.6	35.5	49.6
1989–90	294.6	-2.9	53.2	104.5	449.3	74.5	374.8	31.0	343.8	41.2	49.9
1990–91	323.9	-3.2	54.9	112.1	487.7	76.6	411.1	33.4	377.7	45.0	50.4
1991–92	351.9	-2.2	56.1	118.5	524.2	78.5	445.7	35.8	410.0	43.9	50.7
1992–93	382.7	-3.0	58.4	125.1	563.2	76.0	487.2	38.2	449.0	41.3	50.4
1993–94	414.0	-1.8	63.7	131.4	607.3	79.3	527.9	40.4	487.5	40.1	53.3
1994–95	441.0	-3.4	71.3	139.8	648.7	81.2	567.5	43.3	524.2	44.2	55.1
1995–96	469.5	-1.7	74.9	148.5	691.3	92.7	598.6	44.4	554.2	49.4	56.9
1996–97	476.9	0.3	75.9	156.3	709.4	100.4	609.0	46.1	562.9	47.3	61.7
1997–98	466.8	1.4	81.7	160.9	710.8	103.6	607.2	47.2	559.9	43.1	63.7
1998–99	457.7	2.6	83.7	168.2	712.2	109.3	602.9	48.7	554.1	43.3	64.5
1999–00	454.2	-0.2	83.9	175.8	713.6	123.5	590.1	50.2	539.9	43.4	66.5
2000–01	444.9	1.3	88.5	179.0	713.6	141.9	571.7	51.7	520.0	43.9	67.8
2001–02	440.9	0.9	83.2	177.9	703.0	137.7	565.3	53.4	511.9	39.7	67.4
2002–03	438.6	-1.1	83.2	178.3	699.0	139.5	559.6	54.2	505.3	37.3	65.8
2003–04	436.5	-2.5	85.2	180.9	700.1	149.1	551.0	54.8	496.2	35.8	63.8
2004–05	431.8	-4.3	97.7	179.8	705.0	155.4	549.6	54.9	494.7	34.1	63.1
2005–06	427.3	-6.1	101.4	179.9	702.5	165.6	536.9	55.4	481.5	33.8	62.5
1 Calculation methodology may vary slightly from year to year. The definition of interest-bearing debt changed slightly in 2002–03 to reflect the adoption of the full accrual basis of accounting. Sources: Public Accounts of Canada, Department of Finance estimates.

Reference Table II
Government of Canada Outstanding Market Debt

	Payable in Canadian dollars						Payable in foreign currencies
Fiscal year	Treasury bills	Marketable bonds	Retail debt	CPP bonds	Total	Canada bills	Marketable bonds	Canada Notes	Euro-Medium-Term Notes	Notes and loans	Total	Less: Government’s own holdings	Total market debt	Average interest rate
	($ billions)													(%)
1985–86	62.0	81.1	44.2	0.4	187.7	0.0	5.9	0.0	0.0	7.9	13.8	-0.3	201.2	10.66
1986–87	77.0	94.4	44.3	1.8	217.5	1.0	5.9	0.0	0.0	5.1	12.0	-0.9	228.6	9.34
1987–88	81.1	103.9	53.3	2.5	240.8	1.0	6.3	0.0	0.0	3.9	11.3	-1.2	250.8	9.61
1988–89	102.7	115.7	47.8	3.0	269.2	1.1	5.3	0.0	0.0	1.9	8.3	-1.2	276.3	10.82
1989–90	118.6	127.7	40.9	3.1	290.2	1.4	4.1	0.0	0.0	0.2	5.7	-1.3	294.6	11.20
1990–91	139.2	143.6	34.4	3.5	320.7	1.0	3.5	0.0	0.0	0.0	4.5	-1.3	323.9	10.72
1991–92	152.3	158.1	35.6	3.5	349.5	0.0	3.4	0.0	0.0	0.0	3.4	-1.0	351.9	8.86
1992–93	162.1	178.5	34.4	3.5	378.4	2.6	2.9	0.0	0.0	0.0	5.4	-1.1	382.7	7.88
1993–94	166.0	203.4	31.3	3.5	404.3	5.6	5.0	0.0	0.0	0.0	10.7	-1.0	414.0	6.75
1994–95	164.5	225.7	31.4	3.5	425.1	9.0	7.9	0.0	0.0	0.0	16.9	-1.0	441.0	7.97
1995–96	166.1	252.8	31.4	3.5	453.8	7.0	9.5	0.3	0.0	0.0	16.8	-1.0	469.5	7.34
1996–97	135.4	282.6	33.5	3.5	454.9	8.4	12.5	2.1	0.0	0.0	23.0	-1.1	476.9	6.66
1997–98	112.3	294.6	30.5	3.5	440.8	9.4	14.7	1.7	1.5	0.0	27.2	-1.2	466.8	6.64
1998–99	97.0	295.8	28.2	4.1	425.0	10.2	19.6	1.3	4.9	0.0	36.0	-3.3	457.7	6.70
1999–00	99.9	294.4	26.9	3.6	424.7	6.0	21.4	1.1	4.1	0.0	32.6	-3.1	454.2	6.15
2000–01	88.7	295.5	26.4	3.5	414.1	7.2	21.2	1.6	3.7	0.0	33.7	-2.9	444.9	6.11
2001–02	94.2	294.9	24.0	3.4	416.5	3.4	19.8	1.2	3.2	0.0	27.5	-3.1	440.9	5.56
2002–03	104.6	289.2	22.6	3.4	419.8	2.6	14.5	1.2	3.3	0.0	21.6	-2.7	438.6	5.32
2003–04	113.4	279.0	21.3	3.4	417.1	3.4	13.2	1.3	3.0	0.0	20.8	-1.5	436.5	4.90
2004–05	127.2	266.7	19.1	3.4	416.3	3.9	9.9	1.1	1.7	0.0	16.5	-1.1	431.8	4.61
2005–06	131.6	261.9	17.3	3.1	413.9	4.7	7.6	0.5	1.5	0.0	14.3	-1.0	427.3	4.73
Source: Public Accounts of Canada.

Reference Table III
Average Weekly Domestic Market Trading in Government of Canada Securities, April 2005 to March 2006

		Marketable bonds
	Treasury bills	3 years and under	3 to 10 years	Over 10 years	Real Return Bonds	Total marketable bonds	Total
	($ millions)
April 2005	30,464	35,509	48,672	12,215	370	96,766	127,230
May 2005	29,535	33,055	51,673	12,373	332	97,433	126,968
June 2005	33,401	40,384	56,043	9,853	402	106,682	140,083
July 2005	25,667	36,323	51,912	9,287	236	97,758	123,425
August 2005	27,859	36,094	51,191	7,159	355	94,799	122,658
September 2005	31,971	49,744	60,888	9,237	300	120,169	152,140
October 2005	28,547	42,565	54,854	9,599	481	107,499	136,046
November 2005	28,038	36,769	50,396	10,457	662	98,284	126,322
December 2005	29,989	34,750	51,668	8,596	333	95,347	125,336
January 2006	28,195	41,064	53,796	11,865	247	106,972	135,167
February 2006	24,467	45,976	63,409	13,375	325	123,085	147,552
March 2006	25,846	43,787	62,229	12,431	507	118,954	144,800
Source: Bank of Canada.

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	Total
	($ 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	20,477	7,935	40,398	67,934	3,619	100,257	85,918	38,179	68,940	433,657
2004	21,547	8,175	41,119	52,673	4,850	96,555	90,647	36,419	61,858	413,843
2005	19,874	8,272	45,409	60,815	5,508	91,603	90,779	37,636	55,266	415,162

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	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	4.72	1.83	9.32	15.67	0.83	23.12	19.81	8.80	15.90	100.00
2004	5.21	1.98	9.94	12.73	1.17	23.33	21.90	8.80	14.95	100.00
2005	4.79	1.99	10.94	14.65	1.33	22.06	21.87	9.07	13.31	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	1,803	5,366	11,733	25,150	943	14,443	41,335	7,647	108,420
2004	964	5,489	11,557	27,521	837	13,567	42,951	7,873	110,759
2005	13	5,498	15,383	31,045	1,159	14,718	43,177	9,166	120,159

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	1.66	4.95	10.82	23.20	0.87	13.32	38.12	7.05	100.00
2004	0.87	4.96	10.43	24.85	0.76	12.25	38.78	7.11	100.00
2005	0.01	4.58	12.80	25.84	0.96	12.25	35.93	7.63	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
2003	18,674	2,569	28,665	42,784	2,676	85,814	44,583	30,532	256,297
2004	20,583	2,686	29,526	25,152	4,013	82,988	47,696	28,546	241,226
2005	19,861	2,774	30,026	29,770	4,349	76,885	47,602	28,470	239,737

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
2003	7.29	1.00	11.18	16.69	1.04	33.48	17.40	11.91	100.00
2004	8.53	1.11	12.25	10.43	1.66	34.40	19.77	11.83	100.00
2005	8.28	1.16	12.52	12.42	1.81	32.07	19.86	11.88	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 is 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 is 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 and 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
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
2005	53.5	8.2	61.7	14.3
2006	47.1	13.6	60.7	14.2
Note: Numbers may not add due to rounding. 1 Includes bonds denominated in foreign currencies. 2 Includes capital lease obligations. For the 1979–1986 period, market debt data (includes capital leases) is unavailable. Source: Statistics Canada, Canada’s International Transactions in Securities.

Reference Table VI
Fiscal 2005–06 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)													(%)
April 1, 2005	4,500				4,500					0	-4,500	-4,500	122,700		2.55	2.66	3.00
April 7, 2005	3,000	3,800	4,600		11,400		5,600	2,200	2,200	10,000	-1,400	-5,900	121,300
April 21, 2005		4,400		3,900	8,300		4,700	1,900	1,900	8,500	200	-5,700	121,500		2.46	2.55	2.77
May 5, 2005		5,300	4,600		9,900		4,700	1,900	1,900	8,500	-1,400	-7,100	120,100		2.46	2.56	2.81
May 19, 2005		5,900		4,000	9,900		5,600	2,200	2,200	10,000	100	-7,000	120,200		2.46	2.57	2.78
May 27, 2005					0	2,500				2,500	2,500	-4,500	122,700	2.45
June 1, 2005					0	1,200				1,200	1,200	-3,300	123,900	2.45
June 2, 2005		6,500	3,700		10,200		5,600	2,200	2,200	10,000	-200	-3,500	123,700		2.45	2.55	2.74
June 6, 2005	1,200				1,200					0	-1,200	-4,700	122,500
June 10, 2005	2,500				2,500					0	-2,500	-7,200	120,000
June 16, 2005		6,500		4,300	10,800		5,000	2,000	2,000	9,000	-1,800	-9,000	118,200		2.46	2.57	2.78
June 20, 2005					0	2,000				2,000	2,000	-7,000	120,200	2.44
June 28, 2005					0	1,500				1,500	1,500	-5,500	121,700	2.44
June 30, 2005		6,500	3,400		9,900		5,900	2,300	2,300	10,500	600	-4,900	122,300		2.47	2.57	2.74
July 4, 2005	2,000				2,000	2,000				2,000	0	-4,900	122,300	2.49
July 6, 2005	3,500				3,500					0	-3,500	-8,400	118,800
July 14, 2005		5,600		4,200	9,800		5,900	2,300	2,300	10,500	700	-7,700	119,500		2.56	2.74	2.99
July 21, 2005					0	700				700	700	-7,000	120,200	2.43
July 27, 2005					0	2,000				2,000	2,000	-5,000	122,200	2.47
July 28, 2005		4,700	4,400		9,100		5,900	2,300	2,300	10,500	1,400	-3,600	123,600		2.58	2.71	2.91
August 2, 2005	700				700					0	-700	-4,300	122,900
August 3, 2005	2,000				2,000					0	-2,000	-6,300	120,900
August 11, 2005		4,700		4,200	8,900		5,300	2,100	2,100	9,500	600	-5,700	121,500		2.63	2.83	3.09
August 22, 2005					0	2,500				2,500	2,500	-3,200	124,000	2.51
August 25, 2005		5,600	5,000		10,600		5,300	2,100	2,100	9,500	-1,100	-4,300	122,900		2.76	2.90	3.15
August 29, 2005					0	2,500				2,500	2,500	-1,800	125,400	2.49
Sept. 1, 2005					0	1,300				1,300	1,300	-500	126,700	2.49
Sept. 6, 2005	2,500				2,500					0	-2,500	-3,000	124,200
Sept. 8, 2005		5,600		3,800	9,400		5,600	2,200	2,200	10,000	600	-2,400	124,800		2.74	2.82	2.95
Sept. 13, 2005	1,300				1,300					0	-1,300	-3,700	123,500
Sept. 16, 2005	2,500				2,500					0	-2,500	-6,200	121,000
Sept. 22, 2005		5,000	4,700		9,700	1,000	5,300	2,100	2,100	10,500	800	-5,400	121,800	2.60	2.81	2.94	3.09
Sept. 28, 2005					0	1,000				1,000	1,000	-4,400	122,800	2.67
October 3, 2005	1,000				1,000					0	-1,000	-5,400	121,800
October 6, 2005	1,000	5,900		4,600	11,500		4,400	1,800	1,800	8,000	-3,500	-8,900	118,300		2.92	3.11	3.33
October 20, 2005		5,900	3,800		9,700	2,500	4,700	1,900	1,900	11,000	1,300	-7,600	119,600	2.95	3.02	3.23	3.44

Reference Table VI (cont’d)
Fiscal 2005–06 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)														(%)
October 21, 2005					0	1,600				1,600	1,600	-6,000	121,200	2.96
October 27, 2005					0	1,400				1,400	1,400	-4,600	122,600	2.94
October 31, 2005					0	1,200				1,200	1,200	-3,400	123,800	2.95
Nov. 1, 2005	4,100				4,100					0	-4,100	-7,500	119,700
Nov. 3, 2005		5,900		4,600	10,500		5,600	2,200	2,200	10,000	-500	-8,000	119,200		3.12	3.35	3.59
Nov. 7, 2005	2,600				2,600					0	-2,600	-10,600	116,600
Nov. 17, 2005		5,300	4,400		9,700		6,500	2,500	2,500	11,500	1,800	-8,800	118,400		3.23	3.42	3.72
Nov. 18, 2005					0	1,500				1,500	1,500	-7,300	119,900	2.94
Nov. 24, 2005					0	2,000				2,000	2,000	-5,300	121,900	2.96
Nov. 28, 2005					0	2,800				2,800	2,800	-2,500	124,700	3.08
Dec. 1, 2005		5,300		3,700	9,000	1,500	6,800	2,600	2,600	13,500	4,500	2,000	129,200	3.09	3.30	3.53	3.77
Dec. 2, 2005	1,500				1,500					0	-1,500	500	127,700
Dec. 5, 2005	2,000				2,000					0	-2,000	-1,500	125,700
Dec. 12, 2005	1,500				1,500					0	-1,500	-3,000	124,200
Dec. 15, 2005	2,800	5,600	4,300		12,700	2,800	5,600	2,200	2,200	12,800	100	-2,900	124,300	3.20	3.39	3.59	3.89
Dec. 21, 2005					0	3,000				3,000	3,000	100	127,300	3.21
Dec. 29, 2005		5,300		3,400	8,700		4,700	1,900	1,900	8,500	-200	-100	127,100		3.40	3.65	3.93
Jan. 3, 2006	2,800				2,800					0	-2,800	-2,900	124,300
Jan. 5, 2006	3,000				3,000					0	-3,000	-5,900	121,300
Jan. 12, 2006		4,400	4,600		9,000		4,100	1,700	1,700	7,500	-1,500	-7,400	119,800		3.43	3.63	3.84
Jan. 26, 2006		4,700		4,400	9,100	1,300	4,100	1,700	1,700	8,800	-300	-7,700	119,500	3.43	3.49	3.67	3.85
Jan. 27, 2006					0	2,500				2,500	2,500	-5,200	122,000	3.45
Feb. 1, 2006	2,500				2,500					0	-2,500	-7,700	119,500
Feb. 3, 2006	1,300				1,300					0	-1,300	-9,000	118,200
Feb. 9, 2006		5,600	4,200		9,800		4,100	1,700	1,700	7,500	-2,300	-11,300	115,900		3.63	3.79	4.00
Feb. 21, 2006					0	2,500				2,500	2,500	-8,800	118,400	3.61
Feb. 23, 2006		6,500		5,000	11,500	2,500	5,900	2,300	2,300	13,000	1,500	-7,300	119,900	3.60	3.71	3.86	4.01
March 9, 2006		6,800	4,300		11,100		6,500	2,500	2,500	11,500	400	-6,900	120,300		3.77	3.86	3.98
March 23, 2006		5,600		4,700	10,300		6,800	2,600	2,600	12,000	1,700	-5,200	122,000		3.79	3.89	3.99
March 24, 2006					0	3,000				3,000	3,000	-2,200	125,000	3.72
March 27, 2006					0	2,200				2,200	2,200	0	127,200	3.73
March 29, 2006					0	2,700				2,700	2,700	2,700	129,900	3.70
March 31, 2006					0	1,700				1,700	1,700	4,400	131,600	3.71
TOTAL	51,800	142,900	56,000	54,800	305,500	58,900	140,200	55,400	55,400	309,900	4,400
1 Cash management bill. 2 Outstanding. Source: Bank of Canada.

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