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Canada issues US-dollar 3.5 billion global bond to strengthen foreign reserves Canada

Canada issues US-dollar 3.5 billion global bond to strengthen foreign reserves

India Blooms News Service | @indiablooms | 26 Apr 2022, 09:45 pm

Ottawa/IBNS: A three-year US $3.5 billion global bond was issued by the Government of Canada last week to facilitate funds to supplement and diversify funding sources for the country’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.

(Reporting by Asha Bajaj)

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