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Ottawa, March 5, 1997
1997-017
Official International Reserves
The Department of Finance announced today that Canada's official international reserves increased by an amount equivalent to U.S. $155 million during February to $21,044 million; official government operations decreased reserves by $175 million. Details on the level and composition of Canada's reserves as of February 28, 1997, 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 |
18,110 |
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Other Foreign Currencies |
505 |
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Gold |
150 |
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Special Drawing Rights |
1,132 |
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Reserve Position in IMF |
1,147 |
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Total: |
February 28, 1997 |
21,044 |
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January 31, 1997 |
20,889 |
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Change |
+155 |
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Details of Change |
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Foreign Currency Debt(1) |
263 |
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Gain on Gold Sales(2) |
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Earnings on Investments |
93 |
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Revaluation Effects |
17 |
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Official Government Operations |
175 |
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Other Transactions |
9 |
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Net Change |
155 |
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| 1. During February, Canada Bills increased by $163.1 million, to a level of
outstanding bills of $5,193.9 million and Canada Notes increased by $100 million to a
level of outstanding notes of $1,640.2 million.
2. On February 28, gold holdings stood at 3.1 million ounces. |
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___________________
For further information:
Charlie Seeto
(613) 992-6747
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| Last Updated: 2005-01-04 |
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