Government strengthens Canada’s foreign reserves by issuing US-dollar global bond

Global Bond. Image credit: Facebook page

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.

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