Archived - Official International Reserves - April 5, 2022
- All 2022 Official International Reserves -
The Department of Finance Canada announced today that Canada’s official international reserves increased by an amount equivalent to US$875 million during March to US$103,764 million. This was driven by reserves management funding operations (US$3,476 million)Footnote 1 and a net loss in investments (-US$2,463 million)Footnote 2.
Details on the level and composition of Canada’s reserves as of March 31, 2022, 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.
| Amount Millions of US dollars |
|
|---|---|
| Securities | 71,104 |
| Deposits | 4,283 |
| Total securities and deposits (liquid reserves): | 75,387 |
| Gold | 0 |
| Special drawing rights (SDRs) | 23,983 |
| Reserve position in the International Monetary Fund (IMF) | 4,394 |
| Total: | |
March 31, 2022 |
103,764 |
February 28, 2022 |
102,889 |
| Net change: | 875 |
| Amount Millions of US dollars |
|
|---|---|
| Other central banks/Bank for International Settlements | 4,283 |
| Banks headquartered in Canada | 0 |
Of which: located abroad |
0 |
| Banks headquartered abroad | 0 |
Of which: located in Canada |
0 |
| Total: | 4,283 |
| Amount Millions of US dollars |
|
|---|---|
| Reserves management operationsFootnote 1 | 3,476 |
| Gains and losses on gold sales | 0 |
| Net investment gains and losses: | |
Return on investmentsFootnote 3 |
-1,588 |
Foreign currency debt charges |
-54 |
Revaluation effectsFootnote 4 |
-821 |
| Net government operationsFootnote 5 | -138 |
| Official intervention | 0 |
| Other transactions | 0 |
| Net change: | 875 |
| Amount Millions of US dollars |
|
|---|---|
| US dollar | 53,114 |
| Euro | 10,989 |
| Pound sterling | 6,594 |
| Yen | 4,690 |
| Total: | 75,387 |
| 0 to 1 month | 1 to 3 months | 3 to 12 months | Total | |
|---|---|---|---|---|
| Foreign currency securities:Footnote 6 | ||||
Principal |
-855 | -2,228 | -7,352 | -10,435 |
Interest |
-76 | -141 | -623 | -840 |
| Aggregate short forward positions in foreign currencies vis-à-vis Canadian dollar | 0 | 0 | 0 | 0 |
| Aggregate long forward positions in foreign currencies vis-à-vis Canadian dollar | 0 | 0 | 0 | 0 |
| Total net drains: | -930 | -2,369 | -7,975 | -11,275 |
| Amount Millions of US dollars |
|
|---|---|
| Undrawn, unconditional credit lines with banks headquartered outside Canada | 0 |
| Securities lent under repurchase agreementsFootnote 7 | 0 |
| Securities held under repurchase agreementsFootnote 8 | 3,676 |
| Financial derivatives assets (net, marked to market): | |
Forwards |
96 |
Swaps |
398 |
| Date | US dollars | Other currencies | Gold | SDRs | IMF position | Total |
|---|---|---|---|---|---|---|
| March 31, 2022 | 53,114 | 22,273 | 0 | 23,983 | 4,394 | 103,764 |
| February 28, 2022 | 51,290 | 23,229 | 0 | 23,916 | 4,454 | 102,889 |
| January 31, 2022 | 52,841 | 23,254 | 0 | 23,863 | 4,444 | 104,402 |
| December 31, 2021 | 55,378 | 22,771 | 0 | 23,997 | 4,469 | 106,615 |
| November 30, 2021 | 52,102 | 23,034 | 0 | 24,018 | 4,473 | 103,627 |
| October 29, 2021 | 51,726 | 23,746 | 0 | 24,267 | 4,430 | 104,169 |
| September 29, 2021 | 53,264 | 24,671 | 0 | 23,910 | 4,425 | 106,270 |
| August 31, 2021 | 52,526 | 25,435 | 0 | 24,091 | 4,487 | 106,539 |
| July 30, 2021 | 51,555 | 25,458 | 0 | 8,685 | 4,501 | 90,199 |
| June 30, 2021 | 50,835 | 25,103 | 0 | 8,670 | 4,445 | 89,053 |
| May 31, 2021 | 50,458 | 25,591 | 0 | 8,774 | 4,382 | 89,205 |
| April 30, 2021 | 45,429 | 25,580 | 0 | 8,739 | 4,489 | 84,237 |
| March 31, 2021 | 44,708 | 25,545 | 0 | 8,625 | 4,497 | 83,375 |
| December 31, 2021 | 55,378 | 22,771 | 0 | 23,997 | 4,469 | 106,615 |
| December 31, 2020 | 49,236 | 27,584 | 0 | 8,886 | 4,722 | 90,428 |
| December 31, 2019 | 48,646 | 24,967 | 0 | 8,527 | 3,157 | 85,297 |
| December 31, 2018 | 49,090 | 24,189 | 0 | 7,941 | 2,706 | 83,926 |
| 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 |
Future release dates
The next release is May 4, 2022 (covering the period of April 2022).
For further information on the Exchange Fund Account, please consult the Report on the Management of Canada's Official International Reserves—April 1, 2020 – March 31, 2021.
Contacts
For further information, media may contact:
Media Relations
Department of Finance Canada
mediare@fin.gc.ca
613-369-4000
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