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Canada Monetary Reserves Decrease $1.14 Billion in February

Canada’s official international reserves decreased by $1.14 billion in February, the federal finance department said Friday.

As of Feb. 28, the country’s reserves of foreign currencies and other monetary assets totaled $108.77 billion, a decline from $109.91 billion the month before.

The government reported no intervention in the foreign-currency market in February, and there were no gold holdings at the end of the month.

All reserve figures are reported in U.S. dollars.

The finance department said that the amount of Canada bills outstanding rose by $664 million, to $2.47 billion, as of the end of February. Canada bills are short-term securities sold on the U.S. money market.

Source: marketwatch