Another week, another record high for gold! This morning gold jumped to an all time high based on the concern of inflation and ever weakening U.S. Dollar. The commodities market opened up this morning to a 2 year high.
Our Canadian Dollar which its strength is many times linked to increasing commodity prices is at a 3.5 year high. Our jobs report came in slightly weak, but with all the fundamentals out of the way and the commodities market rising, the Canadian Dollar looks robust.