Canada Monetary Reserves Decline $30 Million

By Paul Vieira

OTTAWA--Canada's official international reserves fell $30 million in April, the federal Department of Finance reported Tuesday.

As of April 30, the reserves of foreign currencies, gold and other monetary assets totaled $126.73 billion, a decrease from $126.76 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 April and there were no gold holdings at the end of the month.

The finance department reported that the amount of Canada bills outstanding declined by $1.05 billion to $1.49 billion in April. Canada bills are short-term securities sold on the U.S. money market.

Canada's finance department said the foreign-currency reserves at April 30 included: securities $88.94 billion, deposits $7.55 billion, special drawing rights $24.01 billion, and reserve position in the International Monetary Fund $4.05 billion.

The $30 million net decrease in the reserves in April involved:

-reserves management operations, down $657 million;

-return on investments, up $105 million;

-foreign-currency debt charges, down $359 million;

-revaluation effects, up $881 million;

-no net government operations;

-no official intervention reported.

Currency composition of deposits and securities as of April 30 included: U.S. dollars $65.89 billion, Euro $15.90 billion, Pound Sterling $8.17 billion, and Yen $6.54 billion.

Write to Paul Vieira at [e-mail]

(END) Dow Jones Newswires

05-05-26 0834ET