Government of Canada plans to issue US-dollar global bond
News release
May 10, 2021 - Ottawa, Ontario - Department of Finance Canada
The Government of Canada remains committed to responsible fiscal management so that it can continue to make investments to finish the fight against COVID-19 and to support long-term economic growth.
Today, the Government of Canada announced its plan to issue a US-dollar-denominated global bond later this week, subject to market conditions.
Issuing a global bond provides funds to supplement and diversify Canada’s liquid foreign reserves.
Quick facts
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Canada holds its liquid foreign reserves in the Exchange Fund Account (EFA).
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Foreign exchange reserves provide a general source of prudential liquidity and promote orderly conditions for the Canadian dollar in foreign exchange markets.
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Funds for the EFA can be raised through cross-currency swaps of Canadian-dollar borrowings, foreign-currency-denominated debt issues, and outright purchases of foreign currency.
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Contacts
Media may contact:
Media Relations
Department of Finance Canada
fin.media-media.fin@canada.ca
613-369-4000
General enquiries
Phone: 1-833-712-2292
Facsimile: 613-369-4065
TTY: 613-369-3230
E-mail: fin.financepublic-financepublique.fin@canada.ca
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