Government of Canada- Government of Canada plans to issue US-dollar global bond
March 10, 2025 – Ottawa, Ontario – Department of Finance Canada
In Budget 2024, the Government of Canada reiterated its commitment to maintain liquid foreign reserves at or above three per cent of nominal gross domestic product.
To support this commitment, the Government of Canada today announced its intention to launch a US-dollar-denominated global bond tomorrow, March 11, subject to market conditions.
So let’s ditch everything-American, boo their anthem etc while we have bonds in US$.
I’m pretty sure that Carney if asked will lie without blinking, just like he did with Brookfield move to NYC: he wasn’t the one to make the decision/not under his tenure, not his decision to make.
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Didn’t take Doug Ford long to surrender on his electricity threat.
What a moron.
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Taking a page out of the 3rd world playbook. You issue debt in US dollars when your local currency is no longer considered trustworthy. We’re toast.
Straight out of the North Korea playbook. The Canadian Won is only for the little people and the goverment will conduct all business in US Dollars
Shouldn’t that headline be “Government of China plans to issue US-dollar global bond”?
So the finance ministry has more faith in US currency than our own?
Wonder how that happened…..oh wait.
“The budget will balenth itsethf”
Wow. Never thought I’d see that day. But Trudeau did that to Canada.
It is no longer clear what anthem should be jeered.
In Juthdin and Carneybarker world, there are no anthems, as we are in a post national state. So we will just stand and sing…something else.
The writer of the New World Order anthem will be a gazillionaire!!
With interest and principal payable in US currency, won’t repayment get progressively harder as the Canadian dollar tanks? Or do they think that’s only temporary?
We went down that route many moons ago too, and there wasn’t a good result (i.e. more C$ needed to convert to US$ to pay the interest). What a shit show!
Once we had more stars to our flag, your problems are over.
Unless they have hedged by shorting the loonie or buying USD, regardless our govt is bearish Canada and bullish USA
Selling trade war bonds in the currency of your “enemy” is emblematic of this government. Every central bank that has a clue has been buying Gold to build reserves against the Trump plan to stage a major US dollar devaluation to eliminate debt. The Spawn sold off the last of Canada’s Gold years ago at half price what it is now. The shiny metal will be remonetized at some level in the not too distant future.
Half? I think that gold was $300 USD when it was sold. So 90% discount. Thanks Mr Chetien.
Well, it looks like it’s time to start buying more gold or more US dollars because even the Canadian government has lost full faith and credit in the Loonie.
#TurdholeDominion
No, Lickmuffin, it’s the Canadian government that is going to issue Canadian government bonds in U.S. dollars. Thus, “Government of China decides Canada will issue bonds in U.S. dollars.”
Also, “Canada is not for sale,” says China.
So economically defunct that only a carbon tax will save us?.. IMO we get what we deserve.. Nothing..
Currently, the government holds $0 worth of foreign denominated reserves in Gold.
They also did this for $3 billion last year so it’s not new, just no one was paying attention before.