Archived - Long Descriptions – Evaluation of the Retail Debt Program
Chart 5
Evolution of the relative spread between the cost effective rates and rates offered on CPBs and CSBs
basis points
Campaign | Mars 2008 | Nov. 2008 | Jan. 2008 | Mars 2009 | Nov. 2009 | Jan. 2010 | Mars 2010 | Nov. 2010 | Jan. 2011 | Mars 2011 | Nov. 2011 | Nov. 2013 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
CSB | 0 | 122 | 100 | 155 | 120 | 120 | 108 | 60 | 40 | 50 | 49 | 36 |
CPB | 40 | 105 | 135 | 185 | 40 | 40 | 55 | 28 | 17 | 6 | 94 | 78 |
Chart 6 a
Evolution of CSB and CPB Rates Compared with their Respective Benchmark Yields
2009 | 2010 | 2011 | 2012 | 2013 | |
---|---|---|---|---|---|
1Y Tbill | 0.5% | 1.4% | 0.9% | 1.1% | 1.1% |
CSB | 0.40% | 0.65% | 0.50% | 0.50% | 0.50% |
1Y Median Cashable GIC | 0.4% | 0.75% | 0.70% | 0.80% | 0.80% |
Chart6 b
Evolution of CSB and CPB Rates Compared with their Respective Benchmark Yields
3 Y GOC bond | 1.6 % | 1.9 % | 1.1 % | 1.2 % | 1.6 % |
---|---|---|---|---|---|
CPB | 1.0 % | 1.3 % | 1.3 % | 1.2 % | 1.2 % |
3Y Median Non-Redeemable GIC | 1.6 % | 1.6 % | 1.3 % | 1.4 % | 1.4 % |
Chart 7
millions of dollars/Bps for Unit cost
2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | |
---|---|---|---|---|---|---|---|---|
BOC Operations | 6 | 6.4 | 6.5 | 6.7 | 3.5 | 3.6 | 3.6 | 3.7 |
Fonctions de la BC | 42.6 | 36.8 | 36 | 35.8 | 35.5 | 35.9 | 35 | 34.5 |
of which Fixed | 20.2 | 22.2 | 23 | 23.2 | 23.5 | 23.6 | 23.6 | 23.6 |
Variable | 22.4 | 14.6 | 13 | 12.6 | 12 | 12.3 | 11.4 | 10.9 |
Change Management | 3.7 | 3.2 | 3.7 | 4.1 | 3 | 3.4 | 2.7 | 2.8 |
MarCom | 9.4 | 9.3 | 8.7 | 4 | 3.9 | 5.4 | 5.2 | 5 |
Commissions | 20.1 | 16.8 | 13.4 | 11.6 | 10.2 | 8.8 | 8 | 7.7 |
Finance | 0.6 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 |
Total | 82.4 | 72.9 | 68.7 | 62.6 | 56.5 | 57.5 | 54.9 | 54.1 |
Unit cost | 64 | 59 | 62 | 64 | 66 | 76 | 81 | 83 |
Chart 10
Payroll sales and marketing/communication expenses
2008-2009 | 2009-2010 | 2010-2011 | 2011-2012 | 2012-2013 | |
---|---|---|---|---|---|
Payroll sales (billions of dollars) | 1.6 | 1.6 | 1.6 | 1.6 | 1.5 |
Marcomm expenses (millions of dollars) | 9.4 | 9.3 | 8.7 | 4 | 3.9 |
Chart 10
Cash sales and marketing/communication expenses
billions of dollars
2008-2009 | 2009-2010 | 2010-2011 | 2011-2012 | 2012-2013 | |
---|---|---|---|---|---|
Cash sales (billions of dollars) | 1.2 | 0.5 | 0.3 | 0.2 | 0.2 |
Marcom expenses (millions of dollars) | 9.4 | 9.3 | 8.7 | 4 | 3.9 |
Chart 11
Size of retail debt as a percentage of total debt
Country | Per cent |
---|---|
Canada | 1.2% |
USA | 1.5% |
UK | 8.6% |
Quebec | 4.7% |
Sweden | 4.1% |
Ontario | 2.0% |
Germany* | 1.0% |
* Prior to termination of their program in 2012 |
Chart 12
US Savings Bonds Outstanding and Share of Public Debt
Year | Saving Bonds Outstanding (millions of dollars) | Total public debt outstanding (per cent) |
---|---|---|
2008 | 194,253 | 3.3 |
2009 | 192,452 | 2.5 |
2010 | 188,796 | 2.0 |
2011 | 185,187 | 1.8 |
2012 | 183,661 | 1.6 |
2013 | 180,022 | 1.5 |
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