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Report on the Management of Canada’s Official International Reserves

April 1, 2007–March 31, 2008


Table of Contents

Purpose of the Report

Highlights

Overview of the Exchange Fund Account Management Framework

Report on Operations in 2007–08

Annex 1: Statement of Investment Policy

Annex 2: Official Intervention

Annex 3: Canada’s Official International Reserves

Annex 4: List of Agents and Mandataries as Defined by the Currency Act

Annex 5: Glossary

Financial Statements of the Exchange Fund Account