This is the value of our foreign currency holdings that are converted into Canadian dollars. Therefore, for unchanged currency holdings, when the Canadian dollar appreciates, the value in Canadian dollars goes down, and that's what you're seeing.
November 20th, 2007 / 9:45 a.m.
Assistant Deputy Minister, Economic and Fiscal Policy Branch, Department of Finance
This is the value of our foreign currency holdings that are converted into Canadian dollars. Therefore, for unchanged currency holdings, when the Canadian dollar appreciates, the value in Canadian dollars goes down, and that's what you're seeing.
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