Canada Monetary Reserves Rise $541 Million in November from October Canadas official international reserves rose $541 million in November, the federal Finance Department reported. At Nov. 29, the reserves of foreign currencies, gold and other monetary assets totaled $72.038 billion, up from $71.497 billion a month earlier. All reserve figures are reported in U.S. funds. The government reported no official intervention in the foreign-currency market in November. There were 287 ounces of gold coins sold in November, leaving month-end gold holdings at 97,674 ounces. The finance department reported that the amount of Canada bills outstanding increased by $180.9 million to $2.212 billion at Nov. 29. Canada bills are short-term securities sold on the U.S. money market. Canadas finance department said the foreign-currency reserves at Nov. 29 included: securities $58.049 billion, deposits $616 million, gold $122 million, special drawing rights $8.648 billion, reserve position in the International Monetary Fund $4.603 billion. The $541 million net increase in the reserves in November involved: -reserves management operations up $681 million; -return on investments down $30 million; -foreign-currency debt charges down $76 million; -revaluation effects down $34 million; -net government operations unchanged; -no official intervention reported. Currency composition of deposits and securities at Nov. 30 included: U.S. dollars $39.852 billion, Euro $18.527 billion, Yen $286 million.
Posted on: Wed, 04 Dec 2013 13:46:46 +0000
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