By Robb M. StewartOTTAWA--Canada's official international reserves decreased by $45 million last month, driven by a loss on investments that was largely offset by reserves-management funding operations, the federal finance department said Tuesday. As of Feb. 29, the country's reserves of foreign currencies and other monetary assets totaled $116.25 billion, a decline from $116.3 billion the month before. The finance department said that the amount of Canada bills outstanding fell by $340 million to $1.56 billion as of the end of February. At Feb. 29, foreign-currency reserves included securities of $78.42 billion, deposits of $9.87 billion, special drawing rights of $23.21 billion, and a reserve position in the International Monetary Fund of $4.04 billion, the finance department said. The currency composition of deposits and securities at Feb. 29 included: $62.53 billion U.S. dollars, $12.18 billion euro, $8.86 billion pound sterling, and $4.72 billion yen.

Source: Wall Street Journal March 05, 2024 13:36 UTC