Decline in official international reserves and Canada bills outstanding

  • Canada’s official international reserves decreased by $1.98 billion in January
  • Reserves of foreign currencies and other monetary assets totaled $116.3 billion
  • No intervention in the foreign-currency market in January
  • No gold holdings at the end of the month
  • Amount of Canada bills outstanding fell by $1.55 billion to $1.90 billion
  • Foreign-currency reserves included securities of $80.64 billion, deposits of $7.67 billion, special drawing rights of $23.18 billion, and a reserve position in the International Monetary Fund of $4.09 billion
  • Net decrease in reserves in January involved reserves management operations, return on investments, foreign-currency debt charges, and revaluation effects
  • Currency composition of deposits and securities included U.S. dollars, euro, pound sterling, and yen

Canada’s official international reserves decreased by $1.98 billion in January, bringing the total reserves of foreign currencies and other monetary assets to $116.3 billion. There was no intervention in the foreign-currency market and no gold holdings at the end of the month. The amount of Canada bills outstanding also fell by $1.55 billion to $1.90 billion. The foreign-currency reserves included securities of $80.64 billion, deposits of $7.67 billion, special drawing rights of $23.18 billion, and a reserve position in the International Monetary Fund of $4.09 billion. The net decrease in reserves in January involved reserves management operations, return on investments, foreign-currency debt charges, and revaluation effects. The currency composition of deposits and securities included U.S. dollars, euro, pound sterling, and yen.

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Factuality Level: 8
Justification: The article provides specific information about Canada’s official international reserves, including the amount and composition of the reserves. The information is reported by the federal finance department, which adds credibility to the article. However, the article lacks context and analysis, and it does not provide any explanation for the decrease in reserves or its implications. Therefore, while the information presented may be accurate, the article lacks depth and analysis, which lowers its factuality level.

Noise Level: 3
Justification: The article provides factual information about Canada’s international reserves, including the amount and composition. However, it lacks analysis, context, and actionable insights. It simply reports the numbers without delving into the implications or potential consequences of the decrease in reserves.

Financial Relevance: Yes
Financial Markets Impacted: The article provides information on Canada’s official international reserves and the currency composition of deposits and securities. This may be of interest to investors and those involved in foreign exchange markets.

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article does not describe any extreme events or their impacts.

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