Canada’s mining sector has taken a hit as of late, especially with the recent collapse of the potash market. The Canadian economy is more dependent on the mining industry than consumers may realize – and a a struggling sector can pose a hazard to the overall economy.
Falling gold prices may be cause for concern among investors, but the metal’s decline will affect all aspects of the Canadian economy.
I must confess. I’ve never been much of a gold bug. And I admit, I’ve never understood how the market values gold or the reasoning behind holding gold. So why is the market full of news about investing in gold?