The Government of Canada announced today that its criteria for ultra-long bond issuance were not met and as a result, the Government will not be issuing ultra-long bonds this quarter. Ultra-long bond issuance remains a tactical funding measure and is not part of the regular bond program. As indicated in the Quarterly Bond Schedule, the date listed represents a possibility but not a commitment to hold an ultra-long bond auction. 

Mervin Merkowsky
Director, Debt Management
Funds Management and Banking Department
Bank of Canada
613 782-8265

James Wu
Director, Debt Management Policy
Financial Markets Division
Department of Finance
613 369-3898

Media:

Media Relations
Bank of Canada
613 782-8782