Mandate

The Ontario Financing Authority (OFA) was established by the Capital Investment Plan Act, 1993 (CIPA), and performs the following activities:

conducts borrowing, investment and financial risk management for the Province of Ontario (the Province);
manages the Province’s debt;
provides centralized banking and cash management and other financial services for the Province;
advises ministries, Crown agencies and other public bodies on financial policies and projects;
assists Crown agencies and other public bodies in borrowing and investing;
acts as an intermediary for the Province in lending to certain public bodies;
invests on behalf of certain public bodies; and
with Ontario Power Generation Inc. (OPG), manages the investment activities of OPG’s Used Fuel Segregated Fund and Decommissioning Segregated Fund.

The OFA also carries out the day-to-day operations of Ontario Electricity Financial Corporation (OEFC). and provides a broad range of financial services to Infrastructure Ontario.

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