Foreign Currency

Canada Announces Issuance of US-Dollar Global Bond

In Budget 2024, the Government of Canada reiterated its commitment to maintain liquid foreign reserves at or above three per cent of nominal gross domestic product.

To this effect, the government today announced its intent to issue a US-dollar-denominated global bond tomorrow, April 23, subject to market conditions.

This US-dollar global bond will contribute to the stability of Canada’s foreign currency reserves, while also meeting the demand of investors seeking investment opportunities that benefit from Canada’s AAA credit ratings.

Issuing a global bond provides funds to supplement and diversify Canada’s liquid foreign reserves, which helps promote orderly conditions for the Canadian dollar in foreign exchange markets.

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