Does the 'small' $300B Canadian dollars held as foreign reserves signal the waning of U.S. dollar's supremacy?

Internationally, the highly\u002Dcoveted U.S. dollar reigns supreme. However, there have been some recent cracks in its geopolitical dominance

for the first quarter of 2022 shows there are $287 billion Canadian dollars held by world countries as foreign reserves.Article content

“A loss to the U.S. is a gain to the other countries whose currencies are being accepted as reserve currencies,” Aberra explained.Article content “If people holding Eurodollars start using their dollars to buy U.S. goods and services, there will be a transfer of real resources from the U.S. to the rest of the world,” the professor said.

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