Ottawa/CMEDIA: A three-year US$3.5 billion global bond was issued by the Government of Canada this week to facilitate funds to supplement and diversify funding sources for Canada’s liquid foreign reserves.
As a source of prudential liquidity, liquid foreign reserves promote orderly conditions for the Canadian dollar in foreign exchange markets.
The investor base for the three-year bond issued in line with the government’s commitment includes a wide range of central banks, international institutions, bank treasuries, and foreign-based investment funds.
#USDollarglobalbond; #Canadaliquidforeignreserves
