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Jay Elliott-Purdy

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Top Stories by Jay Elliott-Purdy

Gold was on a roll two weeks ago and surpassed the $1,300 per ounce level due to escalation of political tensions between Ukraine and Russia, before recording losses as markets are anticipating that the Fed will trim even further its asset purchasing program later this month. On April 24th gold’s price dived to $1,268 per ounce, more than a 10-week low, and then rallied as the tension in Ukraine intensified. During the three sessions from April 24th to April 27th, the price of gold increased by $20 to end the trading week with a 1.6% surge after demand by the markets for safe haven assets. Pro-Russian militia seized control of a number of government buildings and other strategic positions at the eastern part of Ukraine, before Ukrainian forces clashed with them and regained control. The incidents resulted in five casualties and the Kremlin hinted at military action ... (more)

Free Trade Agreement Makes Canada More Attractive to Investors

Canadian Prime Minister Stephen Harper has been hard at work closing a deal with his South Korean counterpart President Park Geun-hye. And the agreement that the two leaders have been working on is the Canada-Korea Free Trade agreement. On the 11th March 2014 the free trade agreement was signed, sealed and delivered and it promises to eliminate 98% of duties on all goods between the two countries. This ground-breaking development has been over nine years in the making, and it offers Canadian investors a fantastic opportunity to tap into the rich South Korean market. For South Kor... (more)