It is true! In the 2017 Federal Budget, the Government of Canada has announced its decision to end the sale of Canada Savings Bonds (CSB) as of November 1.
https://www.csb.gc.ca/products/the-canada-savings-bond/
Saving bonds were a reliable, and guaranteed investment, guaranteed by the government at a very fair rate upon maturity, and canadians for generations have sought bonds as early LOW RISK investments. The government of Canada, apparently is not a place to invest your money....