canada

A Historic Decision: How Canada Ended Up With Zero Gold Reserves 🇨🇦
$ENSO $NOM $SOMI
Canada’s gold story is often cited as one of the most debated decisions in modern financial history. In 1965, the country held gold reserves valued at around $1.15 billion, representing a significant national asset at the time. Over the following decades, those reserves were gradually sold off, with the final ounces reportedly disposed of by the mid-2010s.

At today’s gold prices, that same amount of gold would be worth well over $150 billion, highlighting the scale of opportunity cost involved. As a result, Canada is now the only G7 nation with effectively no gold reserves, standing in sharp contrast to other major economies that continue to accumulate gold as a strategic asset.

While gold does not generate yield, it has long been viewed as a store of value, inflation hedge, and financial backstop during periods of economic stress. In recent years, central banks across the globe have increased gold purchases to strengthen balance sheets and reduce reliance on fiat currencies.
With hindsight, analysts often point to Canada’s decision as a strategic miscalculation, especially as global uncertainty rises and gold regains prominence in reserve management.
Key takeaway: Gold may not always shine in the short term, but history shows its importance in long-term financial security — a lesson markets continue to relearn.
#GrayscaleBNBETFFiling #GoldSilverAtRecordHighs #Canada #SOMI #ENSO

Donald Trump has warned Canada that if it signs special trade deals with China, the U.S. could respond with 100% tariffs on Canadian exports.
This is not just political noise. It’s an economic pressure move.
Here’s what’s really going on 👇
🇨🇦 Canada’s Vulnerability
Canada sends 75–76% of all its exports to the U.S.
That’s over $450 billion per year.
A 100% tariff would instantly make most Canadian goods uncompetitive in the U.S. market.
Sectors at risk: • Autos & auto parts
• Energy exports
• Aluminum & steel
• Manufacturing
Trade with the U.S. equals roughly two-thirds of Canada’s GDP when you include indirect exposure.
This makes Canada extremely sensitive to U.S. trade retaliation.
🇺🇸 Trump’s Core Fear: Trade Routing
The real concern isn’t Canada itself.
It’s China using Canada as a back door into the U.S.
If Canada signs favorable trade deals with China, Chinese companies could: • Ship goods into Canada
• Relabel or lightly process them
• Re-export them into the U.S.
• Avoid U.S. tariffs on Chinese goods
Trump calls this using Canada as a “drop-off port.”
And from Washington’s perspective, it would break U.S. trade policy against China.
📉 We’ve Already Seen the Damage From Much Smaller Tariffs
In 2018–2019: • U.S. imposed 25% tariffs on Canadian steel
• 10% tariffs on Canadian aluminum
Result: • Canadian steel exports to the U.S. fell 41%
• Aluminum exports fell 19%
• ~$16.6B CAD of trade was disrupted
• Production cuts, job losses, higher costs, slower supply chains
And that was with just 10–25% tariffs.
Now imagine 100% tariffs.
🇨🇳 Why Canada Still Wants China
Canada is trying to diversify away from over-dependence on the U.S.
China: • Buys major volumes of Canadian canola & seafood
• Is key to EV & battery supply chains
• Offers long-term growth demand
From Canada’s perspective: ➡️ This makes economic sense.
From the U.S. perspective: ➡️ This looks like a strategic threat.
⚠️ Bottom Line
Canada is stuck in the middle of the U.S.–China trade war.
If it leans toward China: • It risks massive U.S. tariffs
• Severe economic shock
• Market instability
If it stays tied only to the U.S.: • It remains dangerously dependent on a single trading partner
This isn’t just politics anymore.
It’s a macro-level trade conflict that could hit: • North American supply chains
• Equity markets
• FX markets
• Commodities
• Global risk sentiment