cash-balances and foreign reserves of the federal government and advises the Department of Finance in debt management strategies.
             The third function of the Bank of Canada is retail debt services. The federal government issues bonds through an agency known as Canada Investment and Savings, however, the responsibility of servicing these bonds lies with the Bank of Canada. The Bank has the duty of paying the bills on the bonds, consequently maintaining the reputation of federal government securities. The Bank recently decided to privatize this department and has transferred approximately 430 employees to a firm known as ADS. It is believed that this company can supply cost-effective services and allow the Bank to focus on its core
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