Global oil markets have been thrown into turmoil following a sharp escalation in the conflict involving Iran, sending energy prices higher and raising concerns about the broader economic impact. Recent developments — including U.S. strikes on Iran’s Kharg Island, a critical oil export hub — have intensified fears of supply disruptions. The island plays a central
In times of global conflict, gold is usually one of the first assets to surge. It’s long been seen as a “safe haven” — something investors turn to when uncertainty rises. But during the current Iran conflict, something unusual is happening: gold prices are not rising the way many expected. Despite escalating tensions, oil shocks, and
The U.S. economy kicked off 2026 with a stronger-than-expected jobs report, surprising economists and investors alike and reshaping expectations for interest rates and economic momentum. According to the Bureau of Labor Statistics, employers added 130,000 jobs in January 2026, far more than the roughly 70,000 that most economists had forecast. The unemployment rate also edged lower, dipping
Gold, one of the world’s oldest stores of value, is capturing headlines again in 2026 with prices climbing to unprecedented levels. For the first time ever, spot gold has surged above US $4,800 per ounce, driven by rising safe-haven demand and global geopolitical uncertainty. The moves mark the continuation of a historic run — gold has rallied
After a challenging period, the outlook for the Canadian dollar (CAD) is beginning to improve. Recent analysis from major financial institutions and market observers suggests that while the loonie faced pressure through much of last year, the conditions are gradually lining up for a more stable — and potentially stronger — currency environment in 2026. Much of
As 2025 draws to a close, the precious metals market is finishing with one of the most dramatic rallies in decades — and it’s grabbing attention from investors around the world. Gold prices have surged past $4,500 per ounce, reaching levels never seen before and marking one of the strongest annual gains in history. Silver, meanwhile,
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
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
The Bank of Canada (BoC) delivered another quarter-point rate cut this week, lowering its key interest rate to 2.25%. But while the move offers some relief for borrowers, the central bank signaled that this could be the last cut for a while. A Balancing Act Between Growth and Inflation The BoC’s decision comes as Canada’s economy continues to struggle with weak
Yesterday’s inflation report showed Canadian CPI rising 2.4% year-over-year, slightly above market expectations of 2.2%, and just above CIBC’s forecast of 2.3%. While the number came in a bit hotter than expected, it wasn’t enough to completely derail expectations for further rate cuts by the Bank of Canada (BoC). Market Reaction The higher inflation reading weighed on the Canadian stock