In March, several social media accounts made claims that Canada is dumping $400 billion worth of U.S. bonds, with some suggesting the move was in response to U.S. President Donald Trump’s tariffs on Canadian goods. The claims are false, and Canada is not selling off its existing U.S. government securities. Instead, the Canadian government recently launched a five-year US$3.5 billion global bond as a routine move to replenish its foreign reserves.
THE CLAIM
A post first made on Binance Square, the social media arm of cryptocurrency exchange Binance, on March 11, carried the headline “Trump’s Trade War Backfires: Canada Dumps $400B in U.S. Bonds Amid Escalating Tensions.”
It claimed that “Canadian investors and government entities have started offloading $400 billion in U.S. Treasury bonds, weakening…
