Gold, CAD, and the Tariff Wildcard – Canada’s Trade Balance Preview

TUESDAY, MAY 6 – Canada Trade Balance

Deficit expected to deepen: -C$1.7B vs -C$1.52B prior

Implications:

Weaker #CAD = Stronger USD → short-term #gold pressure

But #Canada exports pure gold (24K at $154.75/g), and that resilience matters in a fragmented world.

Don’t forget: Global tariffs + record central bank buying = longer-term gold bullishness.

#Bitcoin echo: #BTC back UP. Both assets are telling the same story: stagflation hedges are back in style.