ecent data suggest that Canada’s economy is slowly regaining its footing — and this, in turn, is influencing the path of the Canadian dollar. Here’s a breakdown of where things stand and where markets (and everyday Canadians) might be headed. A Mixed but Stabilizing GDP Picture After a sharp drop in the second quarter of
November has been an eventful month for Canada’s economy, with a new federal budget from Prime Minister Mark Carney and another interest rate cut by the Bank of Canada. Both moves are aimed at stimulating growth, but they’ve also raised questions about whether the country is striking the right balance between spending and stability. Carney’s first budget includes
A Sharp Bounce After the Dip Gold has pulled back up after a recent slide—spot prices rebounded to around US$3,989 per ounce as safe-haven demand kicked in following a bout of global equity weakness. The rebound follows a drop of nearly 2% the prior session, during which gold hit its lowest since late October. Why the Fluctuation? There