Canada's official international reserves fell $952 million in October, the country's federal Finance Department reported Friday.
At Oct. 31, the reserves of foreign currencies and other monetary assets totaled $83.39 billion, down from $84.34 billion a month earlier.
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All reserve figures are reported in U.S. funds.
The government reported no official intervention in the foreign-currency market in October and there were no gold holdings at the end of the month.
The Finance Department reported that the amount of Canada bills outstanding decreased by $402.9 million to $2.39 billion in October. Canada bills are short-term securities sold on the U.S. money market.
Canada's Finance Department said the foreign-currency reserves at Oct. 31 included: securities $62.24 billion, deposits $11.17 billion, special drawing rights $7.85 billion, and reserve position in the International Monetary Fund $2.12 billion.
The $952 million net drop in the reserves in October involved:
-reserves management operations down $529 million;
-return on investments up $47 million;
-foreign-currency debt charges down $106 million;
-revaluation effects down $363 million;
-net government operations down $1 million;
-no official intervention reported.
Currency composition of deposits and securities at Oct. 31 included: U.S. dollars $48.71 billion, Euro $15.76 billion, Pound Sterling $7.96 billion, Yen $985 million.
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(END) Dow Jones Newswires
November 03, 2017 09:51 ET (13:51 GMT)