Canadian governments and corporations borrowed a net $80.0 billion of funds in the form of debt securities in the second quarter, the ninth consecutive quarter in which new issuances exceeded retirements. The financing activity in the second quarter was led by the government sector.
The total book value of outstanding Canadian debt securities reached $5,612.0 billion at the end of the second quarter, up $50.6 billion from the previous quarter. This increase reflected net borrowings moderated by the downward revaluation from the appreciation of the Canadian dollar against the US dollar and the euro. Nearly one-quarter (23.6%) of the total stock of debt securities was denominated in US dollars or in euros at the end of June.
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