Canada's international reserves down $567 million in May: Finance Dept
OTTAWA (CP) - Canada's international reserves fell by $567 million US in May, the Finance Department reported Friday.
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Revaluation, which reflects changes in the market value of reserve assets from movements in exchange rates, cost the government $749 million, and foreign currency debt charges cost $55 million.
The government made $161 million on investments and $76 million from reserve management operations.
All figures are in U.S. dollars.
Foreign currency reserves as of May 31 consisted of $29.21 billion in securities and $2.058 billion in deposits for a total $31.268 billion in liquid reserves.
The government held $45 million in gold, had special drawing rights of $904 million and a reserve position in the
International Monetary Fund
International Monetary Fund of $2.817 billion.
The $31.268 billion in liquid reserves consisted of $16.786 billion US, $13.448 billion Euro, $1.031 billion Yen, and $3.0 million in other holdings.
ADVERTISEMENT
I'm a seeking a
Age: to
P.C.:
Revaluation, which reflects changes in the market value of reserve assets from movements in exchange rates, cost the government $749 million, and foreign currency debt charges cost $55 million.
The government made $161 million on investments and $76 million from reserve management operations.
All figures are in U.S. dollars.
Foreign currency reserves as of May 31 consisted of $29.21 billion in securities and $2.058 billion in deposits for a total $31.268 billion in liquid reserves.
The government held $45 million in gold, had special drawing rights of $904 million and a reserve position in the
International Monetary Fund
International Monetary Fund of $2.817 billion.
The $31.268 billion in liquid reserves consisted of $16.786 billion US, $13.448 billion Euro, $1.031 billion Yen, and $3.0 million in other holdings.
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