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Ottawa, January 4, 1996
1996-001
Official International Reserves
The Department of Finance announced today that Canada's official international reserves increased by an amount equivalent to U.S. $166 million during December to $15,227 million; official government operations increased reserves by $54 million. Details on the level and composition of Canada's reserves as of December 31, 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 |
12,127 |
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Other Foreign Currencies |
502 |
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Gold |
178 |
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Special Drawing Rights |
1,177 |
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Reserve Position in IMF |
1,243 |
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Total: |
December 31, 1995 |
15,227 |
| November 30, 1995 |
15,061 |
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Change |
+166 |
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Details of Change |
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Foreign Currency Debt [1] |
-25 |
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Short Term Swaps [2] |
- |
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Gain on Gold Sales [3] |
+24 |
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Earnings on Investments |
+68 |
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Revaluation Effects |
-1 |
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Official Government |
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Operations |
+54 |
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Other Transactions |
+46 |
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Net Change |
+166 |
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Notes [1] During December, Canada Bills decreased by $25 million, to a level of outstanding bills of $3,028 million. [2] On December 31, there were no outstanding swaps. [3] Includes a reduction in the book value of gold holdings of $3.6 million and an increase in holdings of U.S. dollars of $27.2 million due to sales of 70 thousand ounces of gold. On December 31, gold holdings stood at 3.4 million ounces. |
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For further information:
(613) 992-4468
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| Last Updated: 2004-03-21 |
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