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Ottawa, September 4, 1997
1997-075
Official International Reserves
The Department of Finance announced today that Canada's official international reserves increased by an amount equivalent to U.S. $528 million during August to $20,081 million; official government operations decreased reserves by $196 million. Details on the level and composition of Canada's reserves as of August 31, 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 | 17,188 | |
| Other Foreign Currencies | 508 | |
| Gold | 147 | |
| Special Drawing Rights | 1,130 | |
| Reserve Position in IMF | 1,108 | |
| Total: |
August 31, 1997 |
20,081 |
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July 31, 1997 |
19,553 | |
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Change |
+528 | |
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Details of Change |
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| Foreign Currency Debt(1) | +644 | |
| Gain on Gold Sales(2) | - | |
| Earnings on Investments | +99 | |
| Revaluation Effects | +10 | |
| Official Government Operations | -196 | |
| Other Transactions | -29 | |
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Net Change |
+528 | |
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1. During August, Canada Bills increased by $644.4 million, to a level of outstanding
bills of $5,401.7 million. |
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___________________
For further information:
Rob Stewart
(613) 992-4468
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| Last Updated: 2005-01-04 |
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