Section 8—Foreign exchange accounts

Public Accounts of Canada 2017 Volume I—Top of the page Navigation

• Section 7—Cash and accounts receivable
• International reserves held in the Exchange Fund Account

Table of contents

• International reserves held in the Exchange Fund Account
• International Monetary Fund
• Special drawing rights allocations
• Supplementary statement
  • Exchange Fund Account

Foreign exchange accounts

Foreign exchange accounts represent financial claims and obligations of the Government as a result of Canada's foreign exchange operations. Financial claims and obligations denominated in foreign currencies are reported at Canadian dollar equivalents at March 31. Investment income from the foreign exchange accounts and net gains and losses resulting from the translation of the net assets denominated in foreign currencies, to Canadian dollar equivalents as at March 31, are recorded in foreign exchange net revenues on the Consolidated Statement of Operations and Accumulated Deficit.

Table 8.1 presents the continuity of each foreign exchange account, by showing the opening and closing balances, as well as payments and other charges and receipts and other credits. It should be noted, however, that this table excludes unmatured debt payable in foreign currencies, amounting to $17,609 million as at March 31, 2017 ($22,482 million as at March 31, 2016); details relating to these obligations are presented in Section 6 of this volume. A narrative description is provided for accounts reported in some tables. Such descriptions follow the same presentation order as their respective tables.

Public Accounts of Canada 2017 Volume I—Bottom of the page Navigation

• Section 7—Cash and accounts receivable
• International reserves held in the Exchange Fund Account