By Robb M. StewartOTTAWA--Canada's official international reserves rose by $3.08 billion last month, the federal finance department said Friday. As of April 30, the country's reserves of foreign currencies and other monetary assets totaled $121.03 billion, an increase from $117.95 billion the month before. The finance department said the amount of Canada bills outstanding rose by $485 million to $2.09 billion as of the end of April. At April 30, foreign-currency reserves included securities of $82.34 billion, deposits of $11.29 billion, special drawing rights of $22.19 billion, and a reserve position in the International Monetary Fund of $3.58 billion, the finance department said. The currency composition of deposits and securities at end-April included: $67.14 billion U.S. dollars, $12.93 billion euro, $8.84 billion pound sterling, and $4.72 billion yen.

Source: Wall Street Journal May 03, 2024 12:35 UTC