Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Canada Selling U.S. Dollar Bond to Boost Currency Reserves

Canada said it will issue a global bond denominated in U.S. dollars for the first time in two years to bolster currency reserves and meet foreign-exchange requirements.

The securities will have a five-year maturity and may yield 12 to 14 basis points more than U.S. government benchmarks, according to a person with knowledge of the transaction who asked not to be identified before terms are set.

Canada last issued a global U.S. dollar benchmark in February 2012, selling $3 billion of five-year bonds that yielded eight basis points more than U.S. debt. The Finance Ministry maintains an exchange fund account to backstop its currency in the event of market turmoil.

The nation is adding to foreign-currency reserves after the Canadian dollar slumped 7.7 percent against developed-nation peers in the past six months and posted the worst performance in the group, according to Bloomberg Correlation-Weighted Currency Indices. The government holds $41 billion of reserves in U.S. dollars, compared with $33 billion in two years ago.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.