Ottawa, September 30, 2005

Archived - Archived - Department of Finance Releases Evaluation of Borrowing Framework for Government-Backed Entities

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The Department of Finance today released a report that reviews the borrowing framework for major financial Crown corporations and other government-backed entities.

The report, which was prepared by KPMG LLP, reviews the borrowing framework for major Crown corporations and guaranteed borrowers (the Business Development Bank of Canada, Canada Mortgage and Housing Corporation, Export Development Canada, Farm Credit Canada and the Canadian Wheat Board). The report concludes that the existing system is generally working well but that enhancements could be made to help reduce costs and increase efficiencies.

For further details see the attached backgrounder. Copies of the report can be found on the Department of Finance website.

For further information, media may contact:

Rob Stewart
Financial Markets Division
(613) 992-9032
David Gamble
Public Affairs and Operations Division
(613) 996-8080

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