Archived - Canada Plans US-Dollar Global Bond Issue

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March 10, 2015 – Ottawa, Ontario – Department of Finance

Finance Minister Joe Oliver today announced that the Government of Canada plans to issue a US-dollar-denominated global bond later this week, subject to market conditions.

The bond issue will provide funds to supplement and diversify Canada’s foreign exchange reserves and to meet foreign currency requirements.

Quick Facts

  • Canada holds its foreign exchange reserves in the Exchange Fund Account (EFA).
  • EFA assets provide foreign currency liquidity and support the promotion of orderly conditions for the Canadian dollar in foreign exchange markets.
  • 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.

Media Contacts

Melissa Lantsman
Director of Communications
Office of the Minister of Finance
613-369-5696

Stéphanie Rubec
Media Relations
Department of Finance
613-369-4000

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