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Bretton Woods and Related Agreements Act (R.S.C., 1985, c. B-7)

Act current to 2020-07-28 and last amended on 2019-06-23. Previous Versions

 [Repealed, 1999, c. 31, s. 27]

Marginal note:Loans chargeable to C.R.F.

 The principal raised by way of loan under this Act, and the interest thereon, shall be a charge on and payable out of the Consolidated Revenue Fund.

  • R.S., c. B-9, s. 6

Marginal note:Adjustment of valuation

 In each year on a day determined by the Minister of Finance, the value of Canada’s assets and liabilities with respect to the International Monetary Fund, as shown in the Public Accounts of Canada, shall be adjusted to reflect the then current rate of exchange for Canadian dollars, and the resultant valuation adjustment shall,

  • (a) if it is a positive amount, be credited to the Consolidated Revenue Fund; and

  • (b) if it is a negative amount, be charged to the Consolidated Revenue Fund.

  • 1976-77, c. 37, s. 2

Marginal note:Definition of valuation adjustment

 In section 11, valuation adjustment at a particular day means the amount obtained when the net value of Canada’s assets and liabilities with respect to the International Monetary Fund, as then recorded in the Public Accounts of Canada, is subtracted from the net value of those assets and liabilities at the then current rate of exchange for Canadian dollars.

  • 1976-77, c. 37, s. 2

Marginal note:Annual report

 The Minister of Finance shall cause to be laid before each House of Parliament within one year after the end of each fiscal year or, if either House is not sitting, on any of the first five days on which that House of Parliament is sitting, a report containing a general summary of operations under this Act and details of all those operations that directly affect Canada, including the resources and lending of the World Bank Group, the funds subscribed or contributed by Canada, borrowings in Canada and procurement of Canadian goods and services.

  • R.S., 1985, c. B-7, s. 13
  • R.S., 1985, c. 24 (1st Supp.), s. 7
  • 1993, c. 34, s. 11
  • 2012, c. 19, s. 376
  • 2018, c. 27, s. 654

Marginal note:Tabling of communiqués

 The Minister of Finance shall cause to be laid before each House of Parliament the communiqués issued by the International Monetary and Financial Committee of the International Monetary Fund and the Development Committee of the International Bank for Reconstruction and Development and the International Monetary Fund.

  • 1991, c. 21, s. 6
  • 2017, c. 33, s. 175
 
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