CAD ($)
USD ($)
Canada versus the US
We have been so preoccupied by the return of the US markets that we have failed to notice how far behind our own TSX truly is.
Entries by Border Gold Corp.
Risk On
“When the music stops, in terms of liquidity, things will be complicated. But as long as the music is playing, you’ve got to get up and dance. We’re still dancing.”-Chuck Prince, former CEO of Citibank (July, 2007)
Deficits and Downgrades
Over the past week we witnessed both Moody’s downgrade the sovereign debt of Great Britain, and Fitch issuing warning on debt and lack of budget and entitlement reform in the United States.
Dissent at the Fed
The release of January’s FOMC minutes had a fairly substantial impact on precious metals this week as on Wednesday alone we witnessed more than a 2 percent sell off in the price of gold.
Are Currency Wars Really our Concern?
The word “war” perhaps over-hypes the implications of these policies. None the less, measures to spur domestic growth have direct implications on a country’s exchange rate, and thus are much more far-reaching.
Could the US oil boom be the trigger for Canada’s Housing Bubble?
Canadians are overleveraged. We are holding to much debt. Why then, when there are present opportunities to relieve household imbalances are we balking at the opportunity to prosper as a nation?
Loonie Loses it’s Luster?
The Canadian dollar against its US counterpart had a very narrow trading range over the last few months. Not this week, as the loonie fall over a cent and a half and finished trading at close to 99 cents.
Germany wants its gold back—should we worry?
News surfaced this week that the Bundesbank, Germany’s central bank, was recalling gold that it holds outside of the country. But does it matter where Germany really stores their gold?
The Trillion Dollar Coin
The debt ceiling has been raised on 78 separate occasions since 1960, and pursuing alternative measures to avoid exhausting the US Treasury’s coffers will ultimately shock both creditors and rating agencies.
Calling the Fed’s Bluff
The price of gold has moved up significantly in response to the US central bank’s issuance of cheap credit, but the question then becomes what happens to the price of gold when the Fed takes the punch bowl away?