2-5-18 8:54 AM EST | Email Article
   By Paul Vieira 

OTTAWA--Canada's official international reserves rose by $123 million in January, the country's federal Finance Department reported Monday.

At Jan. 31, the reserves of foreign currencies and other monetary assets totaled $86.75 billion, up from $86.63 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 January, and there were no gold holdings at the end of the month.

The Finance Department reported that the amount of Canada bills outstanding decreased by $182.7 million to $1.9 billion in January. Canada bills are short-term securities sold on the U.S. money market.

Canada's Finance Department said the foreign-currency reserves at Jan. 31 included securities of $68.68 billion, deposits of $7.83 billion, special drawing rights of $8.16 billion, and reserve position in the International Monetary Fund of $2.08 billion.

The $123 million net increase in the reserves in January involved:

-reserves management operations down $421 million;

-return on investments down $522 million;

-foreign-currency debt charges down $140 million;

-revaluation effects up $1.26 billion;

-net government operations down $52 million;

-no official intervention reported.

Currency composition of deposits and securities at Jan. 31 included: U.S. dollars $50.62 billion, Euro $16.42 billion, Pound Sterling $8.44 billion, Yen $1.03 billion.


Write to Paul Vieira at paul.vieira@wsj.com


(END) Dow Jones Newswires

February 05, 2018 08:54 ET (13:54 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
Add a Comment

Try Premium Membership today. Your first 14 days are free of charge. Start my Premium Membership Trial.
Sponsored Links
Buy a Link Now
Sponsor Center
Content Partners