Canada: Foreign exchange reserves

* indicates monthly or quarterly data series

Foreign exchange reserves, billion currency units

 Latest value 121.03
 Reference April 2024
 Measure billion U.S. Dollar
 Data availability January 1960 - April 2024
 Average 29.12
 Min - Max 1.68 - 121.03
 Source Bank of Canada
For that indicator, we provide data for Canada from January 1960 to April 2024. The average value for Canada during that period was 29.12 billion U.S. Dollar with a minimum of 1.68 billion U.S. Dollar in June 1962 and a maximum of 121.03 billion U.S. Dollar in April 2024. Click on the following link to see the values of Foreign exchange reserves, billion currency units around the world.
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* indicates monthly or quarterly data series

Recent values chart
Canada - Foreign exchange reserves - recent values

Historical chart
Canada - Foreign exchange reserves - historical chart - 1960-2024
Measure: billion U.S. Dollar
Source: Bank of Canada

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Definition: Foreign exchange reserves consist of foreign currency, deposits denominated in foreign currency, Monetary Gold, Special Drawing Rights (SDRs) and Reserve position in the International Monetary Fund (IMF). Foreign exchange reserves are held by monetary authorities to finance trade imbalances, check the impact of foreign exchange fluctuations and address other issues under the purview of the central bank.

 Related indicators Latest value Reference Measure
 Terms of trade 111.00 2021 percent
 Trade openness 66.71 2022 percent
 Financial openness 2.299 2021 index points
 Exports, percent of GDP 33.85 2022 percent
 Exports, billion dollars 722.51 2022 billion U.S. dollars
 Growth of exports 3.20 2022 percent
 Imports, percent of GDP 33.71 2022 percent
 Imports, billion dollars 719.33 2022 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 2.31 2022 percent
 Foreign Direct Investment, billion dollars 53.71 2022 billion U.S. dollars
 Portfolio investment inflows, equities -9,196.90 2022 million dollars (current)
 Current account, percent of GDP -0.61 2023 percent
 Current account, in dollars -6.65 2022 billion U.S. dollars
 Trade balance, percent of GDP 0.13 2022 percent
 Trade balance, in dollars 3.08 2022 billion U.S. dollars
 Reserves 106.95 2022 billion U.S. dollars
 Remittances, percent of GDP 0.04 2022 percent
 Remittances 861.83 2022 million U.S. dollars
 Net errors and omissions 1,162.76 2022 million USD
 Foreign exchange reserves 112.45 9/2023 billion
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