Canada plans to raise bond issuance by 31% in 2025-26
Bond issuance is set to increase to C$316 billion ($230.96 billion) in 2025-26 from C$241 billion in 2024-25, with supply rising across the yield curve as Canada refinances maturing debt and meets other financial requirements. The fiscal year began in April.
The planned increase in the stock of T-bills is much less, at C$296 billion from C$285 billion, while the government said it will terminate the 1-month treasury bill program on August 12.
Planned total borrowing of C$623 billion would eclipse the record high set in the pandemic.
Prime Minister Mark Carney has said his government, which retained power in an April general election, will present a budget in the fall. The budget is typically tabled by April, the first month of the fiscal year. ($1 = 1.3682 Canadian dollars)
(Reporting by Fergal Smith; Editing by Richard Chang)
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