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Tuesday, March 11, 2025

This Seems Like A Concession About Who Has the More Stable Currency

3/10/25 Government of 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."

Does anyone besides me think this is weird?

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