Ottawa, September 27, 2012
2012-112
The Honourable Jim Flaherty, Minister of Finance, today highlighted adjustments to the debt strategy plan for 2012–13. These adjustments include the temporary reallocation of short-term bond issuance towards long-term bonds.
Since the release of the 2012–13 Debt Management Strategy, published as part of Budget 2012, long-term interest rates have continued to fall and remain near historically low levels.
“Given this environment, it is both advantageous and prudent for our Government to lock in additional long-term funding,” said the Minister. “These adjustments help us meet our goal of raising stable and low-cost funding to meet the financial needs of our Government to best serve taxpayers.”
Further details are provided in the Notice accompanying the Quarterly Bond Schedule on the Bank of Canada website.
For further information, media may contact:
Kathleen Perchaluk
Press Secretary
Office of the Minister of Finance
613-996-7861
Jack Aubry
Media Relations
Department of Finance
613-996-8080
