| 1. There were no sales of gold settled in August. On August 31, gold holdings stood at 0.1 million ounces. The valuation is based on the August 31, 2009, London p.m. fix of US$956 per ounce. 2. 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 August, Canada bills decreased by US$593 million to a level of outstanding bills of US$5,526 million. A total of US$948 million of cross-currency swaps of domestic obligations were raised. In addition, an equivalent of US$64 million in FX swaps was transacted during August. 3. “Return on investments” comprises US$104 million of interest earned on investments and a US$129 million increase in the market value of securities resulting from changes in interest rates. 4. “Revaluation effects” reflect changes in the market value of reserve assets resulting from movements in exchange rates. In August, the revaluation effect was mainly due to the appreciation of the euro. 5. “Net government operations” are the net purchases of foreign currency for government foreign exchange requirements and for additions to reserves. 6. “Other transactions” includes the distribution of SDRs allocated to Canada by the IMF on August 28, 2009, valued at US$7,394 million. 7. “Foreign currency securities” include maturities of foreign currency debt, cross-currency swap payments and an estimate of interest payments on foreign currency liabilities. 8. “Securities lent under repurchase agreements” are included in total reserves. Collateral provided in securities lending transactions is not included in total reserves. 9. Cash invested under repurchase agreements is included in total reserves. Collateral provided in securities-lending transactions is not included in total reserves. |
