International reserves held in the Exchange Fund Account
Public Accounts of Canada 2018 Volume I—Top of the page Navigation
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This account records the moneys advanced from the Government to the Exchange Fund Account, in Canadian and other currencies, for the purchase of gold, foreign currencies and securities, and special drawing rights (SDRs).
The Exchange Fund Account is operated under the provisions of the Currency Act. The financial statements at March 31, 2018, are found at the end of this section.
In 2018, payments and other charges consisted of advances to the Exchange Fund Account in the amount of $25,373 million, a net valuation adjustment of $1,259 million and an adjustment of $1,713 million to recognize the net income of the Exchange Fund Account for the period April 1, 2017, to March 31, 2018. Receipts and other credits consisted of repayments of advances of $29,583 million.
| 2018 | 2017 | |
|---|---|---|
| US dollar cash and cash equivalents | 878 | 11,819 |
| US dollar short-term deposits | – | 67 |
| US dollar marketable securities | 61,336 | 53,723 |
| Euro cash and cash equivalents | 114 | 2,188 |
| Euro marketable securities | 20,620 | 17,937 |
| British pound sterling cash and cash equivalents | 140 | 131 |
| British pound sterling marketable securities | 10,433 | 9,294 |
| Japanese yen cash and cash equivalents | 143 | 8 |
| Japanese yen marketable securities | 1,216 | 1,323 |
| Special drawing rights | 10,550 | 10,178 |
| Total | 105,430 | 106,668 |
| Advances by the Consolidated Revenue Fund were denominated as follows: | ||
| US dollar | 64,376 | 67,839 |
| Euro | 19,910 | 18,750 |
| British pound sterling | 10,453 | 9,385 |
| Japanese yen | 1,322 | 1,305 |
| Special drawing rights (2018, SDR 3,435 million; 2017, SDR 3,435 million) | 6,433 | 6,198 |
| Canadian dollar | 1,223 | 1,194 |
| Total advances from the Consolidated Revenue Fund | 103,717 | 104,671 |
| Total net revenue for the year | 1,713 | 1,997 |
| Total | 105,430 | 106,668 |
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The dash means that the amount is 0 or is rounded to 0. | ||