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Highlights from the 2026 Spring Economic Update

On April 28, 2026, Finance and National Revenue Minister François‑Philippe Champagne released the 2026 Spring Economic Update (the Update).
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GOLD & SILVER’S RUN

Gold and silver opened the year with substantial momentum. By the end of January, silver had surged to around $120 per ounce (intraday), up 63 percent in the month alone and up more than 248 percent year over year.
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Market Insights Video By Dr. James Thorne: Capital Always Follows Power

In the face of global economic uncertainty, James Thorne examines North America's pivotal position in the evolving geopolitical landscape and the central role of the U.S. in the global energy sector.
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IN BRIEF, MACRO ECONOMIC PERSPECTIVES

As renegotiations over the U.S.-Mexico-Canada Agreement (USMCA) approach, it’s worth taking a brief look at trade to share perspectives on the framework that has governed North American trade since July 2020.
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The Shifting (Global) Order

We are living through a period of shifting order. Global alliances are outwardly frayed, old rules have been bent, and new ones are being formed.
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Market Insights By Dr. James Thorne: Bretton Woods 2.0, the New Great Game, and Trump

U.S. President Donald Trump’s second term is not just another burst of tariff theatre; it is the opening move in a new great game over energy, artificial intelligence (AI), and money.
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