A consultation document on issues relating to the design and operation of the government's domestic debt programs for fiscal year 2004/05 and beyond, prepared jointly by the Department of Finance and the Bank of Canada, is being made public today.

The 2004/05 consultations will focus on ways to improve the treasury bill and bond programs in order to achieve the debt-management objectives of maintaining stable and low-cost funding for the Government of Canada and enhancing the functioning of the market in Government of Canada securities.

Comments on the specific questions raised in the Debt Strategy 2004/05 Consultation Document can be emailed before 19 January 2004 to: .

For further information, please contact:

Nigel Stephens
Chief
Financial Markets Division
Department of Finance
613 943-1944
Marc Pellerin
Principal
Debt Management and Settlement Systems
Bank of Canada
613 782-8429