Français	Contact Us	Help	Search	Canada site

Home	What's New	Site Map	Glossary	HotLinks

About Us	FAQ	Media Room	Publications	Legislation

Ottawa, February 5, 1997
1997-008

Official International Reserves

The Department of Finance announced today that Canada's official international reserves increased by an amount equivalent to U.S. $311 million during January to $20,889 million; official government operations increased reserves by $326 million. Details on the level and composition of Canada's reserves as of January 31, 1997, as well as the major factors underlying the change in reserves, are provided below.

(Millions of U.S. Dollars)


U.S. Dollars		17,942
Other Foreign Currencies		508
Gold		151
Special Drawing Rights		1,133
Reserve Position in IMF		1,155
Total:	January 31, 1997	20,889
	December 31, 1996	20,578
Change		+311
Details of Change
Foreign Currency Debt⁽¹⁾		-9
Gain on Gold Sales⁽²⁾		-
Earnings on Investments		+91
Revaluation Effects		-102
Official Government Operations		+326
Other Transactions		+5
Change		+311

During January, Canada Bills decreased by $24 million, to a level of outstanding bills of $5,030.8 million and Canada Notes increased by $15 million to a level of outstanding notes of $1,540.2 million. On January 31, gold holdings stood at 3.1 million ounces.

___________________
For further information:

Charlie Seeto
(613) 992-6747



		Last Updated: 2005-01-04			Important Notices