Consultation documents, prepared jointly by the Department of Finance and the Bank of Canada on behalf of the Government of Canada, are being published today.

The Debt Strategy 2005/06 Consultation Document pertains to the design and operation of the Government of Canada domestic debt programs for fiscal year 2005/06 and beyond. The document seeks the views of market participants on the strategic direction of the domestic debt programs in light of evolving borrowing requirements and market trends, and on specific operational issues.

The Review of the Government of Canada Debt Distribution Framework document relates to the design of the framework for distributing the government's debt securities. The government is reviewing its framework for distributing debt as part of a regular review of debt management policies and programs.

The deadline for comments on the documents has been extended from 15 to 30 November 2004. They can be email to: .

For further information, please contact:
Nigel Stephens
Financial Markets Division
Department of Finance
613 943-1944
Marc Pellerin
Debt Management and Settlement Systems
Bank of Canada
613 782-8429