A consultation document on issues relating to the design and operation of the government's domestic debt program for the fiscal year 2008/09 and beyond, prepared jointly by the Department of Finance and the Bank of Canada, is being made public today.

This consultation document identifies a broad spectrum of potential adjustments to the government's debt programs to support the debt-management objectives of raising stable and low-cost funding for the Government of Canada and maintaining a well-functioning market in Government of Canada securities.

Comments on the specific questions raised in the Debt Strategy 2008/09 Consultation Document can be emailed before 21 December 2007 to: .

For further information, please contact:

Cynthia Richardson
Chief
Financial Markets Division
Department of Finance
613 947-3919
Marc Larson
Assistant Director
Financial Markets Department
Bank of Canada
613 782-7836