Summary of Comments - 2012-13 Debt Management Strategy Consultations and Operational Changes to the Cash-Management Bond Buyback Program

Summary of Comments - 2012-13 Debt Management Strategy Consultations

Today, the Summary of Comments – 2012–13 Debt Management Strategy Consultations is being published on the Bank of Canada’s website in conjunction with the release of the government’s Debt Management Strategy for 2012–13 on the Department of Finance’s website.

In the autumn of 2011, officials from the Department of Finance and the Bank of Canada sought the views of government securities distributors, institutional investors and other interested parties on issues related to the design and operation of the domestic Government of Canada debt program for 2012–13. This year’s exercise focused on seeking feedback regarding the effectiveness of the government’s debt distribution framework to ensure that the auction and intermediation processes continue to promote the government’s debt strategy objectives of stable, low-cost funding, and a well-functioning market for its securities.

Comments received during these consultations were taken into consideration in developing the Debt Management Strategy for 2012–13.

The Bank of Canada and the Department of Finance thank all parties for the comments they provided during the consultation process.

Operational Changes to the Cash-Management Bond Buyback Program

The eligibility criteria for Government of Canada bonds in the cash-management bond buyback operations have been revised.

Accordingly, the document entitled Details on Bond Buyback Operations, posted on the Bank of Canada’s website, has been updated and changes will be effective on 2 April 2012.

For further information, please contact:

Marc Larson
Assistant Director
Funds Management and Banking Department
Bank of Canada
613 782-7836

Marie-Josée Lambert
Chief, Debt Management Policy
Financial Markets Division
Department of Finance
613 992-6116