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Oncolytics Biotech Inc. Announces 2008 First Quarter Results
Date:4/30/2008

igates its exposure to credit risk by restricting its

portfolio to investment grade securities with short term maturities and

by monitoring the credit risk and credit standing of counterparties.

Interest rate risk

Interest rate risk is the risk that future cash flows of a financial

instrument will fluctuate because of changes in market interest rates.

The Company is exposed to interest rate risk through its cash and cash

equivalents and its portfolio of short-term investments. The Company

mitigates this risk through its investment policy that only allows

investment of its excess cash resources in investment grade vehicles

while matching maturities with the Company's operational requirements.

Fluctuations in market rates of interest do not have a significant impact

on the Company's results of operations due to the short term to maturity

of the investments held.

Currency risk

Currency risk is the risk that future cash flows of a financial

instrument will fluctuate because of changes in foreign exchange rates.

The Company is exposed to currency risk from the purchase of goods and

services primarily in the U.S. and the U.K. The Company mitigates its

foreign exchange risk through the purchase of foreign currencies in

sufficient amounts to settle its foreign accounts payable.

Balances in foreign currencies at March 31, 2008 are as follows:


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SOURCE Oncolytics Biotech Inc.
Copyright©2008 PR Newswire.
All rights reserved

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