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Ottawa, March 3, 1995
1995-021
Official International Reserves
The Department of Finance announced today that Canada's official international reserves increased by an amount equivalent to U.S. $1,131 million during February to $14,530 million; official government operations increased reserves by $1,205 million. Details on the level and composition of Canada's reserves as of February 28, 1995, as well as the major factors underlying the change in reserves, are provided below.
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(Millions of U.S. Dollars) |
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| U.S. Dollars | 11,310 | |
| Other Foreign Currencies | 527 | |
| Gold | 203 | |
| Special Drawing Rights | 1,345 | |
| Reserve Position in IMF | 1,145 | |
| Total: | February 28, 1995 | 14,530 |
| January 31, 1995 | 13,399 | |
| Change | +1,131 | |
Details of Change
| Foreign Currency Debt [1] | -199 |
| Short Term Swaps [2] | - |
| Gain on Gold Sales [3] | - |
| Earnings on Investments | +73 |
| Revaluation Effects | +52 |
| Official Government Operations | +1,205 |
| Other Transactions | - |
| Net Change | +1,131 |
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| Notes | |
| [1] During February, net sales of Canada Bills totalled -$199
million, decreasing the level of outstanding bills to $6,064.4
million. [2] On February 28, there were no outstanding swaps. [3] On February 28, gold holdings stood at 3.9 million ounces. |
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A long-term swap of funds obtained through domestic operations has been undertaken to raise U.S. $286 million for value March 1, 1995. Receipt of the proceeds of the swap will be reflected in the March Official International Reserves press release.
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For further information:
Suzanne McKellips
(613) 992-5259
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| Last Updated: 2002-11-26 |
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