Canada's official international reserves fell $180 million in December, the country's federal Finance Department reported Thursday.
At Dec. 29, the reserves of foreign currencies and other monetary assets totaled $86.63 billion, down from $86.81 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 December 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 $323.4 million to $2.08 billion in December. Canada bills are short-term securities sold on the U.S. money market.
Canada's Finance Department said the foreign-currency reserves at Dec. 29 included securities $68.75 billion, deposits $7.90 billion, special drawing rights $7.98 billion, and reserve position in the International Monetary Fund $2 billion.
The $180 million net drop in the reserves in December involved:
-reserves management operations down $381 million;
-return on investments up $102 million;
-foreign-currency debt charges down $68 million;
-revaluation effects up $152 million;
-net government operations up $15 million;
-no official intervention reported.
Currency composition of deposits and securities at Dec. 29 included: U.S. dollars $51.34 billion, Euro $16.15 billion, Pound Sterling $8.17 billion, Yen $994 million.
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(END) Dow Jones Newswires
January 04, 2018 09:31 ET (14:31 GMT)