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5 Things to Know Today (Nov 13): Gold Slump, Weak Loonie, BoC Odds & Nvidia

  Canadian Money Brief • Friday, November 13, 2026 Gold is sliding, the loonie is sagging, and Monday's inflation report looms over the Bank of Canada's next move. Here are the five things Canadians should know before the weekend. 1 Gold slump drags the TSX lower The S&P/TSX Composite fell 274.53 points (-0.75%) to 36,137.19 on Thursday as materials sank 3.2% and gold dropped about 3% to roughly US$3,878 an ounce, its lowest level in more than a year. Wall Street slipped too: Dow 52,297.09, S&P 500 7,592.40, Nasdaq 25,366.09. The TSX is now about 2.5% below its August record of 37,069. Futures were flat early Friday as gold bounced 0.4%. What it means for you: Gold miners carry real weight in Canadian index funds. Check how much of your TFSA or RRSP leans on materials, and avoid reacting to a single down day. 2 Loonie slips to a one-month low as US inflation widens the rate gap The Canadian dollar closed Thursday at US$0.7015 (C$1.4255 per US$1), its weakest close si...
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Canada’s economy continues to sputter in Q4 2023

According to Statistics Canada, Canada’s economy showed no growth in October, remaining unchanged at 0.0% on a monthly basis, which is below analyst expectations of 0.2% growth . This marks the third straight month where economic growth was essentially unchanged. Advance estimates for November showed that GDP increased 0.1% last month, as increases in manufacturing, transportation and warehousing, agriculture, forestry, fishing and hunting were partially offset by decreases in retail trade .

The country’s economic engine continued to sputter in the fourth quarter, according to Royce Mendes, Desjardins’ managing director and head of macro strategy. He expects the economy to post “virtually no growth” in the fourth quarter and continue to stagnate. As more households and businesses feel the impacts of higher interest rates in 2024, we expect Canada to fall into at least a mild recession. So while the economy is sputtering now, it might begin rolling backwards early in the new year.


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