Markets

Gold held a decline as traders weighed the prospect for a slower pace of interest-rate cuts by the Federal Reserve next year.

Bitcoin is flagging in the last leg of a record-breaking year.

Top picks from Darren Sissons, partner and portfolio manager, Campbell, Lee & Ross Investment Management

Oil steadied after a weekly decline as traders gauged President-elect Donald Trump’s threat to reimpose US control over the Panama Canal.

Gold was steady as traders weighed the outlook for monetary policy after the Federal Reserve’s preferred measure of underlying inflation came in below expectations last week.

Top picks from Keith Richards, president and chief portfolio manager, ValueTrend Wealth Management

Top picks from Greg Newman, senior wealth advisor and portfolio manager, Newman Group, ScotiaMcLeod

Chris Blumas, portfolio manager, Raymond James Investment Counsel

Political uncertainty could bring about opportunities for the Canadian dollar, according to one strategist, who thinks early elections next year could potentially be a tailwind for the loonie.

Top picks from Gordon Reid, president and CEO, Goodreid Investment Counsel

The Canadian dollar slid to its lowest level since March 2020 as Prime Minister Justin Trudeau’s government slips into crisis after the shocking resignation of his finance minister.

Christine Poole, CEO & Managing Director, GlobeInvest Capital Management.

Bitcoin climbed to a record high, extending a rally sparked by President-elect Donald Trump’s support for digital assets and his plan to turn the US into the dominant force in the sector.

Oil prices are set for a new boom period from the middle of the next decade on continued demand growth in China and elsewhere, according to consultants Rapidan Energy Group.

Andrew Pyle, senior investment advisor and senior portfolio manager, CIBC Wood Gundy