Table 2 
Debt securities issues, stocks at book value 

Debt securities issues, stocks at book value
  Fourth quarter 2024 First quarter 2025 Second quarter 2025 Third quarter 2025 Fourth quarter 2025 Third quarter to fourth quarter 2025
  billions of dollarsbillions of dollarsbillions of dollarsbillions of dollarsbillions of dollars difference in billions of dollars
Total 6,121.7 6,224.9 6,195.8 6,329.2 6,353.3 24.1
By sector            
Non-financial corporations 892.2 901.6 900.1 920.8 928.6 7.7
Financial corporations 2,572.7 2,605.3 2,527.6 2,584.5 2,557.5 -27.0
General government 2,656.8 2,717.9 2,768.1 2,823.8 2,867.3 43.4
By currency            
Canadian dollars 4,382.5 4,430.8 4,460.1 4,534.8 4,549.0 14.1
Foreign currencies 1,739.2 1,794.1 1,735.8 1,794.3 1,804.3 10.0
By original maturity            
Short term (money market instruments) 534.2 524.3 539.1 545.4 527.8 -17.5
Long term (bonds) 5,587.5 5,700.6 5,656.8 5,783.8 5,825.5 41.7
One to two years 83.5 82.6 69.5 61.3 56.5 -4.8
Two to five years 1,583.1 1,597.0 1,534.0 1,547.4 1,520.9 -26.4
Five to ten years 1,458.6 1,497.6 1,524.9 1,566.1 1,620.8 54.6
More than ten years 2,462.3 2,523.4 2,528.3 2,609.0 2,627.3 18.2
By remaining maturity            
One year or less 1,248.9 1,225.7 1,216.9 1,227.6 1,207.6 -20.0
More than one year 4,872.8 4,999.2 4,979.0 5,101.5 5,145.7 44.1
By type of interest rate            
Fixed 5,668.5 5,733.3 5,707.9 5,792.6 5,801.2 8.6
Variable 453.2 491.5 487.9 536.6 552.1 15.6
By market of issuance            
Canada 4,175.3 4,221.0 4,268.1 4,326.2 4,356.0 29.7
International 1,946.4 2,003.9 1,927.7 2,002.9 1,997.3 -5.6
Note(s):
  • The book value of debt securities is defined as the price at which the securities were originally issued plus interest accruals.
  • Instruments are classified according to the sector of the issuer. Non-financial and financial corporation sectors include public and private corporations.
  • Short-term instruments have an original term of one year or less. Long-term instruments have an original term of more than one year.
Source(s):
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