Canada's official international reserves increased $322 million in July, the federal Finance Department reported Thursday.
At July 31, the reserves of foreign currencies, gold and other monetary assets totaled $84.95 billion, up from $84.63 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 July, 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 $174.4 million to $2.67 billion in July. Canada bills are short-term securities sold on the U.S. money market.
Canada's finance department said the foreign-currency reserves at July 31 included: securities $65.10 billion, deposits $9.76 billion, special drawing rights $7.87 billion, and reserve position in the International Monetary Fund $2.21 billion.
The $322 million net increase in the reserves in July involved:
-reserves management operations down $552 million;
-return on investments up $175 million;
-foreign-currency debt charges down $88 million;
-revaluation effects up $802 million;
-net government operations down $15 million;
-no official intervention reported.
Currency composition of deposits and securities at July 31 included: U.S. dollars $49.51 billion, Euro $16.36 billion, Pound Sterling $7.99 billion, Yen $1.01 billion.
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(END) Dow Jones Newswires
August 03, 2017 08:33 ET (12:33 GMT)