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Ottawa, December 5, 1995
1995-101
Official International Reserves
The Department of Finance announced today that Canada's official international reserves decreased by an amount equivalent to U.S. $659 million during November to $15,061 million; official government operations decreased reserves by $124 million. Details on the level and composition of Canada's reserves as of November 30, 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 | 11,996 | |
| Other Foreign Currencies | 501 | |
| Gold | 181 | |
| Special Drawing Rights | 1,177 | |
| Reserve Position in IMF | 1,206 | |
| Total: | November 30, 1995 | 15,061 |
| October 31, 1995 | 15,720 | |
| Change | -659 | |
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Details of Change |
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| Foreign Currency Debt [1] | -613 | |
| Short Term Swaps [2] | - | |
| Gain on Gold Sales [3] | +30 | |
| Earnings on Investments | +88 | |
| Revaluation Effects | -21 | |
| Official Government Operations | -124 | |
| Other Transactions | -19 | |
| Net Change | -659 | |
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Notes [1] During November, Canada Bills decreased by $113 million, to a level of outstanding bills of $3,053 million. A $500 million bond was repaid on November 21. |
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For further information:
Jon Cockerline
(613) 992-4468
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| Last Updated: 2002-11-26 |
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