Ontario Bonds
- Secondary market liquidity with a wide range of offerings provide extensive investment and trading opportunities across the yield curve
- Ontario accounted for 63.8 per cent of Canadian provincial bond trading in 2021
- Attractive spreads provide opportunities for investors to achieve higher returns
- Benchmark Canadian provincial borrower
- Primary focus on Canadian dollar borrowing with likely issuance in U.S. dollars and Euro
| Credit Ratings (Long-Term/Short-Term) | |
|---|---|
| Moody’s Investors Service | Aa3 / P-1 |
| Fitch | AA- / F1+ |
| DBRS Morningstar | AA (low) / R-1(mid) |
| S&P | A+ / A-1 |
2022 Ontario Economic Outlook and Fiscal Review
November 14, 2021
Borrowing Program
2022–23 Borrowing Program
| Total Long-Term Public Borrowing: | $32.2B |
|---|---|
| Borrowed as of | $23.1B |
Pound Sterling Bond
$0.8B
$0.8B
Canadian Dollar Syndicated Bonds $18.5B
U.S. Dollar Bond $2.9B
Canadian Dollar Green Bond*
$0.9B
$0.9B
*Face Value $1.0 Billion
Note: Numbers may not add due to rounding.
Liquid Reserves
- Ensuring Ontario always has sufficient liquidity to meet its cashflow needs to continue to address any unforeseen economic or public health needs.
- As of November 30, 2022, liquid reserve levels were $39.4 billion.
Average Unrestricted Liquid Reserve Levels
($ Billions)
Note: As of October 31, 2022
Accessible description of chart: Average Unrestricted Liquid Reserve Levels
