|
|
|
|
|
|
|||||
      
|
Government of Canada Securities - July 2001
- Government of Canada Securities 2001 -
- Adobe Acrobat Version (84,224 bytes).
- Canadian Economy - Primary Market - Secondary Market -
Upcoming economic data releases of interest
| | |
|---|---|
| August | September |
| | |
| July Labour Force Survey (August 10) | August Labour Force Survey (September 7) |
| July CPI (August 21) | August CPI (September 18) |
| National Economic and Financial Accounts April-June 2001 (August 31) | |
| | |
Canadian Economy
Selected Canadian economic statistics
|
|
|||||
| 2000 | 2001 | ||||
|---|---|---|---|---|---|
| 1999 | 2000 | Q3 | Q4 | Q1 | |
|
|
|||||
| Annualized growth rates | (per cent) | ||||
| Real GDP | 5.1 | 4.4 | 4.5 | 1.6 | 2.5 |
| Final domestic demand | 4.1 | 4.0 | 3.9 | 1.1 | 2.2 |
| Employment growth | 2.8 | 2.6 | 1.0 | 3.0 | 0.9 |
| Other | |||||
| Unemployment rate | 7.6 | 6.8 | 6.9 | 6.9 | 7.0 |
|
Current account balance (percentage of GDP) |
0.2 | 2.5 | 2.6 | 3.2 | 4.6 |
|
|
|||||
|
Source: Statistics Canada. |
|||||
Primary Market
Recent Government of Canada bond auction results
| | ||||||||
| Auction date | Term | Maturity date | Coupon rate | Issue amount | Average price | Average yield | Auction coverage* | Tail** |
|---|---|---|---|---|---|---|---|---|
| | ||||||||
| (years) | (%) | (millions of dollars) | (%) | (basis points) | ||||
| June 13, 2001 | 2 | Dec. 1, 2003 | 5 | 3,500 | 99.959 | 5.019 | 2.2 | 0.6 |
| June 6, 2001 | 30 | Dec. 1, 2031 | 4*** | 350 | 107.558 | 3.59 | 2.9 | n.a. |
| May 30, 2001 | 5 | Sept. 1, 2006 | 5.75 | 2,500 | 100.16 | 5.712 | 2.2 | 1.3 |
| May 2, 2001 | 10 | June 1, 2011 | 6 | 2,500 | 101.84 | 5.756 | 2.2 | 1.1 |
| Apr. 18, 2001 | 30 | June 1, 2029 | 5.75 | 1,900 | 97.185 | 5.957 | 2.5 | 0.5 |
| | ||||||||
| *Coverage is defined as the ratio of total bids at auction to the amount auctioned. **Tail is defined as the high accepted yield minus the average yield. ***RRB. Source: Department of Finance. | ||||||||
Forthcoming Government of Canada bond auctions
| | ||||
| Type of issue | Auction date (2001) | Further details of issue (2001) | Dated and delivered (2001) | Amount maturing* |
|---|---|---|---|---|
| | ||||
| (millions of dollars) | ||||
| 10-year auction | July 25 | July 19 | July 30 | - |
| 5-year auction | August 15 | August 9 | August 20 | - |
| 2-year auction | August 29 | August 23 | August 31 | - |
| RRB | September 12 | September 6 | September 17 | |
| | ||||
| Note: Three repurchase operations of Government of Canada marketable bonds are planned under the bond repurchase program.The target amount for repurchase this quarter is $1.2 billion. Repurchase operations will take place in conjunction with each nominal bond auction. Further details will be released with the bond auction Call For Tenders of the corresponding sector. * Maturity of $9,920 million on September 4, 2001. Source: Department of Finance. | ||||
Government of Canada bond market benchmarks (July 4, 2001)
| | ||||
|---|---|---|---|---|
| Term | Maturity | Coupon | Amount outstanding | Yield (July 4, 2001) |
| | ||||
| (%) | (millions of dollars) | (%) | ||
| Fixed-coupon | ||||
| 2-year | June 1, 2003 | 5.75 | 7,000 | 5.03 |
| 5-year | Sept. 1, 2005 | 6.00 | 11,100 | 5.60 |
| 10-year | June 1, 2010 | 5.50 | 10,100 | 5.91 |
| 30-year | June 1, 2029 | 5.75 | 10,100 | 6.02 |
| Real return | ||||
| 30-year | Dec. 1, 2026 | 4.25 | 5,250 | 3.56 |
| | ||||
| Note: The normal bid-ask spread on these bonds is around 5 cents. Source: Department of Finance. | ||||
Forthcoming Government of Canada marketable bond maturities
| | |||
| July-September 2001 | October-December 2001 | January-March 2002 | April-June 2002 |
|---|---|---|---|
| | |||
| (millions of dollars) | |||
| 9,920 | 10,931 | 552 | 13,861 |
| | |||
Outstanding Government of Canada foreign-currency debt
(June 2001)
| | |
| (US$ millions) | |
| | |
| Canada Bills | 4,420 |
| Canada Notes | 928 |
| Outstanding under EMTN program | 2,583 |
| 61⁄8% US$ bonds maturing July 15, 2002 | 1,000 |
| 55⁄8% US$ bonds maturing February 19, 2003 | 2,000 |
| 63⁄8% US$ bonds maturing November 30, 2004 | 2,000 |
| 63⁄8% US$ bonds maturing July 21, 2005 | 1,500 |
| 63⁄4% US$ bonds maturing August 28, 2006 | 1,000 |
| 65⁄8% NZ$ bonds maturing October 3, 2007 | 319 |
| 47⁄8% DM bonds maturing July 7, 2008 | 2,219 |
| 51⁄4% US$ bonds maturing November 5, 2008 | 2,500 |
| | |
| Source: Department of Finance. | |
Secondary Market
Government securities distributors
- Bank of Montreal (Treasury bills only)
- Beacon Securities Limited
- BMO Nesbitt Burns Inc. (marketable bonds only)
- Canaccord Capital Corp.
- Canadian Imperial Bank of Commerce (Treasury bills only)
- Casgrain & Company Limited
- CIBC World Markets Inc. (marketable bonds only)
- CTI Capital Inc.
- Deutsche Bank Securities Limited
- Golden Capital Securities Limited
- HSBC Bank Canada
- Laurentian Bank Securities Inc.
- Merrill Lynch Canada Inc.
- J.P. Morgan Securities Canada Inc.
- National Bank Financial Inc.
- Ocean Securities Inc.
- Odlum Brown Limited
- RBC Dominion Securities Inc.
- Scotia Capital Inc.
- Société Générale Valeurs Mobilières Inc.
- The Toronto-Dominion Bank
- Valeurs Mobilières Desjardins
Government of Canada long-term credit ratings
|
|
|||
|
Standard & Poor’s Current |
Moody’s Investors Service Current |
Dominion Bond Rating Service Current |
|
|---|---|---|---|
|
|
|||
|
Domestic debt – Trend |
AAA Stable |
Aa1 Stable |
AAA Stable |
|
Foreign debt – Trend |
AA+ Stable |
Aa1 Stable |
AA (high) Stable |
|
|
|||
Except as noted, the information in Government of Canada Securities is based upon data available up to July 5, 2001.
For further information, contact Rudy Narvas at (613) 992-7274.
For additional copies or subscription inquiries, please contact the Distribution Centre at (613) 995-2855.
|
|
||||
| Last Updated: 2004-10-29 |
|
||||
