Ontario's Borrowing Program

Ontario's 2026–27 Borrowing Program

($ Billions) 2026–27
2026 Budget Change from 2026 Budget Current Outlook
Deficit/(Surplus) 13.8  –  13.8 
Provincial Investment in Capital Assets 28.0  –  28.0 
Amortization of Capital Assets[1] (10.2) –  (10.2)
Non-Cash and Cash Timing Adjustments (2.5) –  (2.5)
Net Loans and Investments 5.2  –  5.2 
Debt Maturities/Redemptions 26.9  –  26.9 
Total Funding Requirement 61.2  –  61.2 
Decrease/(Increase) in Short-Term-Borrowing (6.0) –  (6.0) 
Increase/(Decrease) in Year-End Cash and Cash Equivalents (8.0) (1.0) (9.0)
Total Long-Term Public Borrowing 47.2  (1.0) 46.2 
Swipe to see more
1 Starting in the 2025 Budget, Amortization of Capital Assets will be reflected in a separate line in this table to reflect the increasing impact of the capital plan on the borrowing program. ↵
Note: Numbers may not add due to rounding.
Source: Ontario Financing Authority.

2026–27 Borrowing Program Status

Total Long-Term Public Borrowing
$46.2B

Canadian Dollar Syndicated Bonds ($15.6B)

U.S. Dollar Bonds ($8.3B)

Euro Bonds ($3.7B)

Australian Dollar Bond ($1.0B)

Swiss Franc Bond ($0.3B)

$28.8B Total Borrowed

As of .

Note: Numbers may not add due to rounding.

Domestic and International Borrowing

As of

Weighted-Average Borrowing Term (Years) 8.6 8.1 12.8 13.0 12.4 13.6 14.1 14.2 13.9 12.1 12.9 14.5 12.0 14.5 15.0 15.2 14.1 12.5 12.2
Note: Numbers may not add due to rounding.
Swipe to see more

Accessible description of chart: Domestic and International Borrowing

Short-Term Borrowing Capacity

($ Billions) C$ T-Bill Program U.S.$ Commercial Paper Program Total
Currency Canadian Dollars U.S. Dollars –
Maturity 1 day-3 years* 1-270 day(s) –
Authorized C$46.0 C$22.5 (U.S.$16.0) C$68.5
Outstanding C$23.1 C$11.7 (U.S.$8.3) C$34.7
Available C$22.9 C$10.8 (U.S.$7.7) C$33.8
Swipe to see more

*Regular issuance of 3M, 6M and 1Y T-Bills
As of July 31, 2026.
Note: Numbers may not add due to rounding.