Canada continues to sell its gold reserves

Market news

11 February 2016

Canada continues to sell its gold reserves

Global News reported on Wednesday that Canada sold nearly half its gold reserves in recent weeks. According to the latest data, Canada's gold reserves totalled 1.7 tonnes last week, down from 3 tonnes in late 2015. It is only 0.1% of Canada's total reserves.

The Canadian government continued to move away from gold as a government-held asset.

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