Today, the findings of the review and Changes to the Government of Canada Debt Distribution Framework are being made public on the Bank's website. The changes will become effective in October 2005, following the update of the Terms of Participation and the Standard Terms for Government of Canada auctions.

In October 2004, officials from the Department of Finance and the Bank of Canada launched a Review of the Government of Canada Debt Distribution Framework. The purpose of the review was to assess the framework's effectiveness in raising stable, low-cost funding for the government and in supporting a well-functioning market for Government of Canada securities, and whether changes to the framework were warranted. The review was conducted as part of a regular review of debt management policies and programs. The Summary of Comments—Debt Distribution Framework, gathered from interested parties, was published on the Bank's website on 21 March 2005.

For further information, please contact:
Rob Stewart
Financial Markets Division
Department of Finance
613 992-4468
Marc Larson
Principal Trader / Analyst
Financial Markets Department
Bank of Canada
613 782-7836