canadas government plans to issue a us dollardenominated global bond wednesday as part of a commitment to maintain liquid foreign reserves at or above 3 of nominal gross domestic product the bond will be issued subject to market conditions and is aimed at providing funds to add to and diversify canadas liquid foreign reserves which the government said help promote orderly conditions for the canadian dollar in foreign exchange markets and provide a source of liquidity for ottawa if needed the federal government last issued a dollardenominated bond in april 2020 worth 35 billion