In Budget 2025 and Spring Economic Update 2026, the Government of Canada reiterated its commitment to maintain liquid foreign reserves at or above three per cent of nominal gross domestic product.
To this end, today the Government of Canada launched a US-dollar-denominated global bond, with pricing to be finalized tomorrow.
Global bonds raise money to add to and diversify Canada's foreign currency reserves. These reserves act as a financial buffer for the government and help support stable trading of the Canadian dollar in foreign exchange markets, if ever needed.
This week's US-dollar global bond will further strengthen the stability of Canada's foreign currency reserves while meeting investor demand for high-quality assets backed by Canada's AAA credit ratings from most major credit rating agencies.
