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Canada Files to Sell U.S. Dollar Bonds, Size Undisclosed, Amid $328 Billion Holdings

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Updated Mar 11, 2025, 06:06 PM

Canada has filed to sell U.S. Dollar bonds, with the size of the issuance undisclosed. This move comes as part of a broader strategy involving U.S. Treasury bonds, where Canada is responding to ongoing trade tensions. The Canadian government currently holds significant U.S. securities, with $328 billion in U.S. bonds, $348.5 billion in U.S. Treasuries, and total holdings amounting to approximately $2.558 trillion. The decision to sell U.S. Dollar bonds is seen as a retaliation to U.S. tariffs, potentially affecting the U.S. bond market. The last issuance of a U.S.-dollar-denominated bond by the Government of Canada was on April 23, 2024, valued at US$3 billion. Canada also holds $374 billion in U.S. securities, and there have been suggestions that Canada might consider selling its $375 billion in U.S. Treasuries.

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