| Welcome to the big leagues. The International Monetary Fund is adding the Canadian dollar to the elite band of currencies it formally tracks as reserve assets, a nod to the loonie’s established appeal among central banks seeking to diversify their reserves.
Inclusion in the IMF’s Composition of Foreign Exchange Reserves, or COFER, largely amounts to a technical change for the loonie and the Australian dollar, which is also being added...............................................Full Article: Source
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