Government of Canada - Department of Finance
Skip all menus (access key: 2) Skip first menu (access key: 1)
Menu (access key: M)
Français
Contact Us
Help
Search
Canada site
Home
What's New
Site Map
Glossary
HotLinks
About Us
FAQ
Media Room
Publications
Legislation
Budget Information
Economic & Fiscal Information
Financial Institutions and Markets
International Issues
Social Issues
Taxes & Tariffs
Transfer Payments to Provinces
Media Room - News Releases
FTP SiteNotices to MediaSpeeches

Ottawa, February 3, 1995
1995-008

Official International Reserves

The Department of Finance announced today that Canada's official international reserves increased by an amount equivalent to U.S. $924 million during January to $13,399 million; official government operations decreased reserves by $1,364 million. Details on the level and composition of Canada's reserves as of January 31, 1995, as well as the major factors underlying the change in reserves, are provided below.

(Millions of U.S. Dollars)
U.S. Dollars 10,606
Other Foreign Currencies  518
Gold 201
Special Drawing Rights 1,161
Reserve Position in IMF 913
Total: January 31, 1995 13,399
December 31, 1994 12,475
Change +924

Details of Change
Foreign Currency Debt[1] +2234
Short Term Swaps[2] -
Gain on Gold Sales[3] -
Earnings on Investments +49
Revaluation Effects +39
Official Government Operations -1,364
Other Transactions     -34
Net Change +924

Notes
 [1] During January, net sales of Canada Bills totalled $2,234 million, increasing the level of outstanding bills to $6,263.8 million.
[2] On January 31, there were no outstanding swaps.
[3] On January 31, gold holdings stood at 3.9 million ounces.

___________________
For further information:

Suzanne McKellips
(613) 992-5259
Last Updated: 2002-11-26

Top

Important Notices