Government of Canada Plans to Issue US-Dollar Global Bond 

Ottawa – The long-term financial security of Canadians is a cornerstone of the Government of Canada’s efforts to help protect the middle class and those working hard to join it.

Today, the Government of Canada announced plans to issue a US-dollar-denominated global bond later this week, subject to market conditions.

Issuing a global bond provides funds to supplement and diversify Canada’s foreign exchange reserves for the benefit of Canada’s financial position.

Quick Facts

• Canada holds its foreign exchange reserves in the Exchange Fund Account (EFA).
• Foreign exchange reserves provide a general source of prudential liquidity and support the promotion of orderly conditions for the Canadian dollar in foreign exchange markets.
• Funds for the EFA can be raised through cross-currency swaps of Canadian-dollar borrowings, foreign-currency-denominated debt issues and outright purchases of foreign currency.

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