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Gold/Mining/Energy : Gold Price Monitor

GDXJ 114.87

+3.6%

Dec 11 4:00 PM EST

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To: goldsnow who wrote (23784)	12/3/1998 5:21:00 PM
From: Alex	Read Replies (2) of 116814

12/03/98 - OTTAWA, Dec 03, 1998 (The Canadian Press via COMTEX) -- Canada spent $187 million US defending the loonie in November while boosting its international reserves by $3.227 billion US, the Finance Department announced Thursday. <Picture> Canada gained $3.483 billion on its foreign currency debt and $2 million from gold sales. Investments earned $86 million and revaluation cost the government $157 million. Total reserves tallied this way: $16.185 billion in U.S. dollars; $3.899 billion in other foreign currencies; $120 million in gold; $1.076 billion in special drawing rights; $2.062 billion in the reserve in the International Monetary Fund. Copyright (c) 1998 The Canadian Press (CP), All rights reserved.

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