Official International Reserves - November 5, 2018
News release
- All 2018 Official International Reserves -
The Department of Finance Canada announced today that Canada's official international reserves increased by an amount equivalent to US$1,405 million during October to US$82,088 million.
Details on the level and composition of Canada's reserves as of October 31, 2018, as well as the major factors underlying the change in reserves, are provided below. All figures are in millions of US dollars unless otherwise noted.
NOTES:
- Net change in securities and deposits resulting from foreign currency funding activities of the Government. (Issuance of foreign currency liabilities used to acquire assets increases reserves, while maturities decrease reserves). During October, Canada bills increased by US$349 million to a level of outstanding bills of US$2,628 million. An equivalent of US$1,733.8 million in cross-currency swaps was raised while US$100 million in cross-currency swaps matured during the month.
- "Return on investments" comprises US$91 million of interest earned on investments and a US$30 million increase in the market value of securities.
- "Revaluation effects" reflect changes in the market value of reserve assets resulting from movements in exchange rates. In October, the revaluation effect was mainly due to the depreciation of the euro and the pound sterling.
- "Net government operations" are the net purchases of foreign currency for government foreign exchange requirements and for additions to reserves.
- "Foreign currency securities" include maturities of foreign currency debt, cross-currency swap payments and an estimate of interest payments on foreign currency liabilities.
- "Securities lent under repurchase agreements" are included in total reserves. Collateral provided in securities lending transactions is not included in total reserves.
- Cash invested under repurchase agreements is included in total reserves. Collateral provided in securities lending transactions is not included in total reserves.
Future Release Dates
The next release is December 5, 2018 (covering the period of November 2018).
For further information on the Exchange Fund Account, please consult the Report on the Management of Canada’s Official International Reserves—April 1, 2017 – March 31, 2018.
Millions of US dollars | |
---|---|
Securities | 68,399 |
Deposits | 3,343 |
Total securities and deposits (liquid reserves): | 71,742 |
Gold | 0 |
Special drawing rights (SDRs) | 7,866 |
Reserve position in the IMF | 2,480 |
Total: | |
October 31, 2018 | 82,088 |
September 28, 2018 | 80,683 |
Net change: | 1,405 |
Millions of US dollars | |
---|---|
Other central banks/Bank for International Settlements | 3,343 |
Banks headquartered in Canada | 0 |
Of which: located abroad | 0 |
Banks headquartered abroad | 0 |
Of which: located in Canada | 0 |
Total: | 3,343 |
Millions of US dollars | |
---|---|
Reserves management operations1 | 1,983 |
Gains and losses on gold sales | 0 |
Net investment gains and losses: | |
Return on investments2 | 121 |
Foreign currency debt charges | -118 |
Revaluation effects3 | -581 |
Net government operations4 | 0 |
Official intervention | 0 |
Other transactions | 0 |
Net change: | 1,405 |
Millions of US dollars | |
---|---|
US dollar | 48,930 |
Euro | 13,683 |
Pound sterling | 7,643 |
Yen | 1,486 |
Total: | 71,742 |
Millions of US dollars | ||||
---|---|---|---|---|
0-1 month | 1-3 months | 3-12 months | Total | |
Foreign currency securities5: | ||||
Principal | -2,058 | -1,908 | -6,720 | -10,687 |
Interest | -111 | -232 | -961 | -1,304 |
Aggregate short forward positions in foreign currencies vis-à-vis Canadian dollar | -12 | 0 | 0 | -12 |
Aggregate long forward positions in foreign currencies vis-à-vis Canadian dollar | 0 | 0 | 0 | 0 |
Total net drains: | -2,181 | -2,140 | -7,682 | -12,003 |
Millions of US dollars | |
---|---|
Undrawn, unconditional credit lines with banks headquartered outside Canada | 0 |
Securities lent under repurchase agreements6 | 0 |
Securities held under repurchase agreements7 | 2,694 |
Financial derivatives assets (net, marked to market): | |
Forwards | 14 |
Swaps | -5,857 |
Millions of US dollars | ||||||
---|---|---|---|---|---|---|
Date | US dollars | Other currencies | Gold | SDRs | IMF position | Total |
October 31, 2018 | 48,930 | 22,812 | 0 | 7,866 | 2,480 | 82,088 |
September 28, 2018 | 47,752 | 22,682 | 0 | 7,892 | 2,357 | 80,683 |
August 31, 2018 | 48,173 | 22,771 | 0 | 7,926 | 2,368 | 81,238 |
July 31, 2018 | 48,232 | 23,268 | 0 | 7,943 | 2,374 | 81,817 |
June 29, 2018 | 47,589 | 23,864 | 0 | 7,913 | 2,399 | 81,765 |
May 31, 2018 | 46,821 | 23,970 | 0 | 7,971 | 2,015 | 80,777 |
April 30, 2018 | 47,211 | 24,874 | 0 | 8,090 | 2,046 | 82,221 |
March 31, 2018 | 47,477 | 25,568 | 0 | 8,177 | 2,073 | 83,295 |
February 28, 2018 | 50,589 | 25,695 | 0 | 8,134 | 2,068 | 86,486 |
January 31, 2018 | 50,615 | 25,889 | 0 | 8,160 | 2,084 | 86,748 |
December 29, 2017 | 51,343 | 25,308 | 0 | 7,975 | 1,999 | 86,625 |
November 30, 2017 | 51,583 | 25,174 | 0 | 7,911 | 2,137 | 86,805 |
October 31, 2017 | 48,714 | 24,701 | 0 | 7,851 | 2,121 | 83,387 |
December 29, 2017 | 51,343 | 25,308 | 0 | 7,975 | 1,999 | 86,625 |
December 30, 2016 | 52,496 | 20,453 | 0 | 7,578 | 2,191 | 82,718 |
December 31, 2015 | 48,229 | 20,848 | 58 | 7,899 | 2,719 | 79,753 |
December 31, 2014 | 43,756 | 19,000 | 116 | 8,164 | 3,664 | 74,700 |
December 31, 2013 | 39,514 | 18,916 | 115 | 8,675 | 4,717 | 71,937 |
December 31, 2012 | 35,622 | 19,621 | 181 | 8,754 | 4,368 | 68,546 |
December 30, 2011 | 32,826 | 19,985 | 167 | 8,966 | 3,875 | 65,819 |
December 31, 2010 | 26,677 | 18,211 | 153 | 9,054 | 3,056 | 57,151 |
December 31, 2009 | 23,879 | 18,723 | 119 | 9,212 | 2,424 | 54,357 |
December 31, 2008 | 22,804 | 18,733 | 95 | 991 | 1,249 | 43,872 |
December 31, 2007 | 19,257 | 20,057 | 91 | 1,015 | 661 | 41,081 |
Contacts
For further information, media may contact:
Media Relations
Department of Finance Canada
fin.media-media.fin@canada.ca
613-369-4000
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