Member access

4-Traders Homepage  >  Commodities  >  GOLD       XAUUSD

GOLD

1020
Real-time Quote. Real-time  - 12/22 05:40:57 pm
1176.4 USD   -1.62%
6h ago Dollar Likely to Hit New Highs, but Caution Advised For key Reaso..
3d agoDJGold Rises on Hopes for Continued Low U.S. Interest Rates
4d ago NZD/USD TECHNIC : Waiting for Direction Cues
SummaryQuotesChart AnalysisNewsAnalysis 
News SummaryAll news 

Canada Monetary Reserves Rise $344 Million in January from December

02/05/2013 | 08:32am US/Eastern
     By Judy McKinnon 
 

Canada's official international reserves rose $344 million in January, the federal Finance Department reported.

At Jan. 31, the reserves of foreign currencies, gold and other monetary assets totaled $68.890 billion, up from $68.546 billion a month earlier.

All reserve figures are reported in U.S. funds.

The government reported no official intervention in the foreign-currency market in January. On behalf of the Government of Canada, the Royal Canadian Mint sold 1,300 ounces of gold coins for settlement in January, leaving month-end gold holdings at 107,700 ounces.

The finance department reported that the amount of Canada bills outstanding increased by $19.2 million to $2.151.4 billion at Jan. 31. Canada bills are short-term securities sold on the U.S. money market.

Canada's finance department said the foreign-currency reserves at Jan. 31 included: securities $55.103 billion, deposits $337 million, gold $179 million, special drawing rights $8.779 billion, reserve position in the International Monetary Fund $4.492 billion.

The $344 million net increase in the reserves in January involved:

-reserves management operations up $331 million;

-return on investments down $435 million;

-foreign-currency debt charges down $139 million;

-revaluation effects up $586 million;

-net government operations unchanged;

-no official intervention reported.

Currency composition of deposits and securities at Jan. 31 included: U.S. dollars $35.772 billion, Euro $19.348 billion, Yen $320 million.

Write to Judy McKinnon at judy.mckinnon@dowjones.com

React to this article
Latest news on GOLD
6h ago Dollar Likely to Hit New Highs, but Caution Advised For key Reasons
3d agoDJGold Rises on Hopes for Continued Low U.S. Interest Rates
4d ago NZD/USD TECHNICAL ANALYSIS : Waiting for Direction Cues
4d ago US Dollar Once Again Looks like a Buy versus Euro, Major Currencies
4d ago British Pound Forecast Calls for Further Weakness
4d ago We Favor Selling Australian Dollar until this Changes
4d ago Crude Recovery May Be Limited, Natural Gas Braces For Storage Data
5d ago USD/CHF TECHNICAL ANALYSIS : Broken Wedge Floor Retested
6d ago NZD/USD TECHNICAL ANALYSIS : Waiting for Trade Opportunity
6d ago Crude Remains At Risk On US Inventories, Gold Braces For FOMC Decision
Advertisement
Chart
Duration : Period :
GOLD Technical Analysis Chart | XAUUSD | 4-Traders
Dynamic quotes  
ON
| OFF