Government of Canada Plans to Issue US-Dollar Global Bond

January 16, 2019 – Ottawa, Ontario – Department of Finance Canada

The Government of Canada is committed to sound fiscal management in order to continue to make investments and support long-term economic growth, to help the middle class and those working hard to join it.

Today, the Government of Canada announced plans to issue a US-dollar-denominated global bond later this week, subject to market conditions.

Issuing a global bond provides funds to supplement and diversify Canada's foreign exchange reserves.

Quick Facts

  • Canada holds its foreign exchange reserves in the Exchange Fund Account (EFA).
  • Foreign exchange reserves provide a general source of prudential 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.

Associated Link

Media may contact:

Pierre-Olivier Herbert
Acting Director of Communications
Office of the Minister of Finance
pierre-olivier.herbert@canada.ca
613-369-5696

Media Relations
Department of Finance Canada
fin.media-media.fin@canada.ca
613-369-4000

General Enquiries

Phone: 613-369-3710
Facsimile: 613-369-4065
TTY: 613-369-3230
E-mail: fin.financepublic-financepublique.fin@canada.ca

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