Official International Reserves - October 3, 2024
- All 2024 Official International Reserves -
The Department of Finance Canada announced today that Canada's official international reserves increased by an amount equivalent to US$2,292 million in September to US$128,074 million. This was driven by a net gain on investments (US$1,338 million)Footnote 1 which was bolstered by positive reserves management funding operations (US$954 million)Footnote 2.
Details on the level and composition of Canada's reserves as of September 27, 2024, 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 | |
---|---|
Securities | 85,009 |
Deposits (more details in Table 2) | 14,079 |
Total securities and deposits (liquid reserves): | 99,088 |
Gold | 0 |
Special drawing rights (SDRs) | 23,476 |
Reserve position in the International Monetary Fund (IMF) | 3,783 |
Other reserve assetsFootnote 3 | 1,727 |
Total: | |
September 27, 2024 |
128,074 |
August 30, 2024 |
125,782 |
Net change (more details in Table 3): | 2,292 |
Amount | |
---|---|
Other central banks/Bank for International Settlements | 14,079 |
Banks headquartered in Canada | 0 |
Of which: located abroad |
0 |
Banks headquartered abroad | 0 |
Of which: located in Canada |
0 |
Total: | 14,079 |
Amount | |
---|---|
Reserves management operations | 954 |
Gains and losses on gold sales | 0 |
Net investment gains and losses of which: |
1,338 |
Return on investmentsFootnote 4 |
934 |
Foreign currency debt charges |
-234 |
Revaluation effectsFootnote 5 |
638 |
Net government operationsFootnote 6 | 0 |
Official intervention | 0 |
Other transactions | 0 |
Net change: | 2,292 |
Amount | |
---|---|
US dollar | 70,156 |
Euro | 13,623 |
Pound sterling | 9,647 |
Yen | 5,662 |
Total: | 99,088 |
0 to 1 month | 1 to 3 months | 3 to 12 months | Total | |
---|---|---|---|---|
Foreign currency securities:Footnote 7 | ||||
Principal |
-2,667 | -2,281 | -12,900 | -17,847 |
Interest |
-359 | -315 | -1,686 | -2,361 |
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: | -3,026 | -2,596 | -14,586 | -20,208 |
Note: Numbers may not add due to rounding. |
Amount | |
---|---|
Undrawn, unconditional credit lines with banks headquartered outside Canada | 0 |
Pledged assetsFootnote 8 | 0 |
Securities lent under repurchase agreementsFootnote 9 | 0 |
Securities held under repurchase agreementsFootnote 10 | 12,795 |
Financial derivatives assets (net, marked to market): | |
Forwards |
-95 |
Swaps |
-103 |
Date | US dollars | Other currencies | Gold | SDRs | IMF position | Other reserve assets | Total |
---|---|---|---|---|---|---|---|
September 27, 2024 | 70,156 | 28,932 | 0 | 23,476 | 3,783 | 1,727 | 128,074 |
August 30, 2024 | 68,490 | 28,663 | 0 | 23,073 | 3,840 | 1,716 | 125,782 |
July 31, 2024 | 67,960 | 27,969 | 0 | 22,695 | 3,888 | 1,693 | 124,205 |
June 28, 2024 | 67,664 | 27,299 | 0 | 22,457 | 3,849 | 1,631 | 122,900 |
May 31, 2024 | 67,857 | 27,314 | 0 | 22,352 | 3,594 | 1,641 | 122,758 |
April 30, 2024 | 67,139 | 26,488 | 0 | 22,192 | 3,579 | 1,634 | 121,032 |
March 28, 2024 | 63,160 | 26,715 | 0 | 23,468 | 3,892 | 715 | 117,950 |
February 29, 2024 | 62,532 | 25,756 | 0 | 23,209 | 4,037 | 717 | 116,251 |
January 31, 2024 | 62,728 | 25,577 | 0 | 23,182 | 4,091 | 718 | 116,296 |
December 29, 2023 | 63,640 | 26,274 | 0 | 23,422 | 4,215 | 725 | 118,276 |
November 30, 2023 | 62,351 | 25,174 | 0 | 23,325 | 4,076 | 514 | 115,440 |
October 31, 2023 | 60,383 | 24,687 | 0 | 22,923 | 4,037 | 507 | 112,537 |
September 29, 2023 | 59,781 | 24,845 | 0 | 23,103 | 4,210 | 507 | 112,446 |
December 29, 2023 | 63,640 | 26,274 | 0 | 23,422 | 4,215 | 725 | 118,276 |
December 30, 2022 | 56,652 | 23,077 | 0 | 22,875 | 4,348 | 303 | 107,255 |
December 31, 2021 | 55,378 | 22,771 | 0 | 23,997 | 4,469 | 0 | 106,615 |
December 31, 2020 | 49,236 | 27,584 | 0 | 8,886 | 4,722 | 0 | 90,428 |
December 31, 2019 | 48,646 | 24,967 | 0 | 8,527 | 3,157 | 0 | 85,297 |
December 31, 2018 | 49,090 | 24,189 | 0 | 7,941 | 2,706 | 0 | 83,926 |
December 29, 2017 | 51,343 | 25,308 | 0 | 7,975 | 1,999 | 0 | 86,625 |
December 30, 2016 | 52,496 | 20,453 | 0 | 7,578 | 2,191 | 0 | 82,718 |
December 31, 2015 | 48,229 | 20,848 | 58 | 7,899 | 2,719 | 0 | 79,753 |
December 31, 2014 | 43,756 | 19,000 | 116 | 8,164 | 3,664 | 0 | 74,700 |
December 31, 2013 | 39,514 | 18,916 | 115 | 8,675 | 4,717 | 0 | 71,937 |
Future release dates
The next release is November 5, 2024 (covering the period of October 2024).
For further information on the Exchange Fund Account, please consult the Report on the Management of Canada's Official International Reserves—April 1, 2022 - March 31, 2023.
Contacts
For further information, media may contact:
Media Relations
Department of Finance Canada
mediare@fin.gc.ca
613-369-4000
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