Ottawa, December 15, 2011
2011-135

Archived - Minister of Finance Tables Debt Management Report for 2010–11

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The Honourable Jim Flaherty, Minister of Finance, today tabled in Parliament the
2010–11 Debt Management Report, noting that Canadian debt securities are viewed as safe and stable by investors and credit rating agencies.

“At a time when there is considerable uncertainty on global financial markets, the demand for Canadian treasury bills and bonds is excellent,” said Minister Flaherty. “This is a vote of confidence in Canada’s strong economic and fiscal fundamentals.”

The Government of Canada continued to receive the highest possible credit rating with a stable outlook, on both short- and long-term debt, from the five credit rating agencies that evaluate Canada’s debt.

Rating agencies indicated that Canada’s resilient and diversified economy, sound financial sector, low federal debt burden, sound macroeconomic policies and business environment, and credible, prudent fiscal plan support the country’s ongoing triple-A credit rating.

Despite the slight increase in interest rates in 2010–11, the weighted average interest rate of Canada’s debt stock remains near historic lows.

The Debt Management Report can be viewed on the Department of Finance website.

For further information, media may contact:

Mary Ann Dewey-Plante
Press Secretary
Office of the Minister of Finance
613-996-7861

Jack Aubry
Media Relations
Department of Finance
613-996-8080

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