Canada intends to price U.S. dollar global bonds on Tuesday

By Mary-Katherine Stinson

Lexington, Ky., April 22 – Canada plans to sell U.S. dollar-denominated global bonds on Tuesday, according to a press release.

Proceeds will be used to supplement and diversify Canada's liquid foreign reserves. The government of Canada is committed to maintaining liquid foreign reserves at or above 3% of nominal gross domestic product.

Canada last issued a dollar bond on April 19, 2023 totaling $4 billion.

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