Section 8: Foreign exchange accounts as at March 31

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Foreign exchange accounts

Foreign exchange accounts represent financial assets and liabilities related to Canada’s official international reserves, held primarily in the Exchange Fund Account, and its membership in the International Monetary Fund. Monetary assets and liabilities denominated in foreign currencies are reported at Canadian dollar equivalents as 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 net foreign exchange revenues and return on investments on the Consolidated Statement of Operations and Accumulated Operating Deficit.

Table 8.1 presents the continuity of foreign exchange accounts assets, by showing the opening and closing balances, as well as payments and other charges and receipts and other credits. Table 8.2 presents the foreign exchange accounts liabilities in the same format. It should be noted that this table excludes unmatured debt payable in foreign currencies, amounting to $29,557 million as at March 31, 2025 ($21,246 million as at March 31, 2024); details relating to these obligations are presented in Table 6.1 of Section 6 of this volume.

Table 8.1
Foreign exchange accounts assetsLinks to footnote * in Table 8.1
(in dollars)
  April 1, 2024 Payments and other charges Receipts and other credits March 31, 2025
International reserves held in the Exchange Fund Account, Table 8.3 159,415,389,312 54,311,505,673 36,135,880,768 177,591,014,217
International Monetary Fund—Subscriptions 19,756,919,000 1,313,455,836 – 21,070,374,836
International Monetary Fund Trusts—Poverty Reduction and Growth Trust 493,981,000 1,416,800,523 – 1,910,781,523
International Monetary Fund Trusts—Resilience and Sustainability Trust 473,956,000 315,748,552 – 789,704,552
Total foreign exchange accounts assets 180,140,245,312 57,357,510,584 36,135,880,768 201,361,875,128

Table 8.1 notes

Table note *

The dash means that the amount is 0 or is rounded to 0.

Return to table note * referrer in Table 8.1

Table 8.2
Foreign exchange accounts liabilitiesLinks to footnote * in Table 8.2
(in dollars)
  April 1, 2024 Payments and other charges Receipts and other credits March 31, 2025
International reserves held in the Exchange Fund Account—Due to broker, Table 8.3 – – 316,000,000 316,000,000
International Monetary Fund—Notes payable 14,438,000,695 946,590,875 2,249,783,805 15,741,193,625
Special drawing rights allocations 29,667,894,000 – 1,972,345,151 31,640,239,151
Total foreign exchange accounts liabilities 44,105,894,695 946,590,875 4,538,128,956 47,697,432,776

Table 8.2 notes

Table note *

The dash means that the amount is 0 or is rounded to 0.

Return to table note * referrer in Table 8.2

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