Poilievre says he's a 'tough guy' who can take on Trump and his taunts
President says Conservative leader is 'stupidly, no friend of mine' in Fox News interview
Conservative Leader Pierre Poilievre said Wednesday he's a "tough guy" well suited to take on U.S. President Donald Trump and that's why the American leader said he thinks it's easier to "deal with a liberal" in Canada than a conservative.
The comment comes as Poilievre and his main opponent, Prime Minister Mark Carney, both jockey to present themselves as the anti-Trump candidate in the upcoming federal election, which is expected to be dominated by talk of the president's punishing tariffs and annexationist taunts.
Speaking to reporters in Sudbury, Ont., Poilievre spun Trump's comments as an endorsement of Carney and a sign the president "wants the Liberals in power."
He said the president wants "weak, compromised and conflicted leadership.… That's why he endorsed Mark Carney yesterday."
Trump did not mention either Poilievre or Carney by name in his remarks or formally endorse anyone.
Poilievre: ‘It’s clear that President Trump wants the Liberals in powerIn an interview with Fox News on Tuesday, Trump was pressed on why he's been harder on Canada with his tariffs and threats than some of America's "adversaries."
The president said, without explaining how, that Canada "cheats" and "charges" the U.S. and repeated his false claims about Americans "subsidizing" this country to the tune of $200 billion a year. The U.S. trade deficit with Canada — which is largely driven by cheap oil imports — is much smaller than that.
Laura Ingraham, the Fox host, said Trump's tough talk on Canada has buoyed the governing Liberal Party and threatened the Conservatives' election chances, which could be seen as a loss for the U.S.
Trump said he doesn't care about Conservative electoral fortunes because Poilievre is "stupidly no friend of mine," an apparent reference to Poilievre saying in the past he's not a "MAGA guy."
"I don't know him but he's said negative things," Trump said of Poilievre.
"So, when he says negative things, I don't care. I actually think it's easier to deal with a liberal and maybe they're going to win, but I don't really care. It doesn't matter to me at all."
Trump denounced former prime minister Justin Trudeau's team, however, saying "his people were nasty." Trump has previously criticized Transport Minister Chrystia Freeland, who helped broker the Canada-U.S.-Mexico Agreement (CUSMA) in his first term.
Poilievre said he's the leader to stand up to Trump because the Liberals will just leave Canada in a weakened position and susceptible to possible annexation.
"What Canadians need is a leader who's tough, firm and stands by his convictions, a leader who will make us strong, self-reliant and able to stand on its own two feet, a leader who will put Canada first," Poilievre said.
"I'm a strong leader, I'm a tough guy to deal with," Poilievre said, while noting Carney was chairman of the board of Brookfield Asset Management when it moved its head office to New York.
While
Poilievre's policy priorities differ from Trump's, the two have used
similar language when speaking to the public and the media. (Gino Donato/The Canadian Press)
While Trump said he doesn't care about how well Poilievre fares in an election that could come as soon as this weekend, the president's friend and political ally, Elon Musk, has praised Poilievre, reposted his tweets, applauded his speeches and media interactions.
The Liberals have tried to paint Poilievre as a mini-Trump who will kowtow to a fellow populist leader, if elected.
In his victory speech after winning the party's leadership, Carney said Poilievre will leave Canada "divided and ready to be conquered."
"A person who worships at the altar of Donald Trump will kneel before him, not stand up to him."
Carney's party posted an ad on its social media channels called "Made in America," which shows how Poilievre has said similar things to Trump over the years and asks, "how can you speak for Canada when you sound like Donald Trump?"
Both Trump and Poilievre have called some of the news media "fake news," lamented that "everything is broken," denounced supposed left-wing "censorship," lampooned the "woke" and "radical" left and supported the trucker convoy movement that took over Parliament Hill back in the COVID era.
Trump has an "America first" agenda and Poilievre has said he will put "Canada first."
U.S. President Donald Trump is pictured with Tesla CEO Elon Musk. Musk has endorsed Conservative Leader Pierre Poilievre. (Pool/AP Photo)
While there are sometimes rhetorical similarities between the two, Poilievre has vowed to take a stand against Trump and his trade action, calling for retaliatory tariffs on American goods to try and get the president to back off.
The Conservative leader has also not made immigration the central message of his platform, unlike the president.
The Liberal government has already imposed tariffs on about $60 billion worth of American goods with $100 billion more to come if Trump moves ahead with more tariffs on April 2.
In the early days of his premiership, Carney is taking steps to distance Canada from the U.S. and has said a call with Trump will only come when the time is right.
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Conservative Leader Pierre Poilievre addresses Donald Trump’s comment that it would be easier for him to deal with a Liberal.
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Cons won't let reporters travel with Poilievre for upcoming election. Here's why it matters
CBC News 477 Comments
Trump says he would 'rather deal with a liberal than a conservative' when it comes to Canada's PM
CTV News 368 Comments
https://www.youtube.com/watch?v=_oCnYNlR9MM
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https://www.cbc.ca/news/world/trump-canada-politics-1.7487289
Trump claims he'd 'rather deal with a liberal than a conservative' in Ottawa
But the U.S. president also says 'I don't care' who leads next Canadian government
U.S. President Donald Trump on Tuesday said he wouldn't mind if the Liberal Party won the upcoming Canadian election, saying: "I'd rather deal with a liberal than a conservative."
Trump has taken a tough stance toward Canada, imposing tariffs on Canadian imports and repeatedly threatening to make it the 51st U.S. state.
During an interview on Fox News's The Ingraham Angle, host Laura Ingraham pointed out that Trump's treatment of Canada could propel the governing Liberals to win the next election and lead a government that's hostile to the U.S.
"I don't care," Trump responded. "I think it's easier to deal, actually, with a liberal and maybe they're going to win, but I don't really care. It doesn't matter to me at all."
Trump officials says governments could negotiate tariffs after April 2Trump then took aim at Conservative Party Leader Pierre Poilievre.
"The conservative that's running is, stupidly, no friend of mine. I don't know him, but he said negative things," he said. "When he says negative things, I couldn't care less."
These followed prior comments Trump has made about the Conservative leader, including an assertion that Poilievre is "not a MAGA guy."
The Liberals, who have been in power since Justin Trudeau was elected prime minister in 2015, just weeks ago looked headed toward certain defeat to the Conservatives in an election that must be held by Oct. 20 and may happen earlier.
But the party is mounting a major comeback with a new leader — the recently sworn-in Prime Minister Mark Carney.
Some recent opinion polls have shown the Liberals closing the gap or even ahead of the Conservatives.
The Liberals have portrayed Poilievre as a right-wing populist in the same vein as Trump.
Poilievre has adopted the slogan "Canada First" in the face of U.S. threats, and sought to tie Carney to the former Trudeau government.
He responded to the comments in a post on X saying Carney "is weak and would cave to Trump's demands," insisting "Canadians ... want a strong prime minister who will put Canada first."
"Last night, President Donald Trump endorsed Mark Carney. Why?" asked Poilievre. "Because, as Trump said, he's 'easier' to deal with, and knows that I will be a tough negotiator and always put Canada First."
The Liberal Party of Canada didn't immediately respond to requests for comment.
With files from CBC News
'Canada is not for sale' | Ont. Premier Doug Ford speaks on U.S. tariffs at swearing-in ceremony
Carney signals he's in no rush to speak with Trump after visit to U.K., France
'We're going to get stronger' while Trump's trade threats are making U.S. weaker: PM
Prime Minister Mark Carney signalled Tuesday he is in no rush to speak to his U.S. counterpart about the ongoing trade war between the two countries, saying a call will come at the "appropriate time."
Speaking to reporters in Iqaluit after returning from a two-day trip abroad, Carney said he's not consumed by what he diplomatically called U.S. President Donald Trump's "initiatives," or near-daily trade threats, saying his main focus is building up the Canadian economy so that it's more resilient to global economic challenges, including the American protectionist push.
Carney said Trump's tariff action has "called into the question the validity" of the Canada-U.S.-Mexico Agreement (CUSMA), and there's a need for a larger conversation with the Americans about resetting the entire bilateral relationship, something that will only happen when the time is right.
He said the "starting point" of an expected future call with Trump will be him reaffirming and reinforcing Canada's sovereignty, something the U.S. president has repeatedly threatened.
"I look forward to having, at the appropriate time, a discussion between two sovereign nations that is comprehensive and not targeted at one issue. There's a wide range of issues to be discussed when we do connect," Carney said.
Asked about former prime minister Justin Trudeau's assertion that Trump is trying to torpedo the Canadian economy to make it easier to annex, Carney said there are misconceptions about Canada's resilience in the U.S. and he's going to "disabuse that misconception."
He said that "Canada is strong and we're going to get stronger," and that America's trade wars with allies would weaken the U.S.
PM Carney asked if he shares Trudeau's assessment of TrumpKirsten Hillman, Canada's ambassador to the U.S., said Sunday that Carney will speak to Trump at some point, but it won't happen right away.
"That conversation will come when the time is right," she said in an interview with CBC's Rosemary Barton Live.
While the president has made a series of what she called "disrespectful" comments about Canada, Hillman said Carney will take a "businesslike" approach to any call with the sometimes volatile Trump.
"We can't control President Trump's behaviour. We can control our behaviour," she said. "We can enter into these discussions and enter into this relationship from a position of confidence and strength."
Outside of preplanned summits, new prime ministers typically make a visit to the U.S. a top priority. For example, the last three prime ministers — Trudeau, Stephen Harper and Paul Martin — all went to the U.S. early in their tenure.
Carney has taken a different approach.
It was his idea to visit the U.K., France and then Nunavut on his first trip outside the nation's capital after being sworn in, government sources told CBC News, a deliberate nod to Canada's three founding peoples.
Carney has played up Canada's British, French and Indigenous roots and its continued allegiance to the Crown in the first few days of his leadership, to distinguish this country from the republic to the south that fought a bloody war of independence to get away from the British.
Canada has a "proud British heritage," Carney said after his swearing-in ceremony. The country is "the most European of non-European countries," he told French President Emmanuel Macron during a stop in Paris on Monday.
Carney is also leaning on Canada's other Commonwealth connections as he nudges the country away from the U.S.
Carney announces military investments in ArcticTo that end, he announced an agreement with Australia on Tuesday to build an early warning radar system from the Canada-U.S. border up to the Arctic, to better assert sovereignty in the region.
He said that the Commonwealth cousin is a "long-standing defence partner," and Canada can use Australia's expertise to help get a system like that developed quickly.
"We cannot and should not look first to others to defend our nation," Carney said.
"The world is changing. Our adversaries are increasingly emboldened. International institutions and norms that had helped keep Canada secure are now being called into question. The United States' priorities, once closely aligned with our own, are shifting," he said.
Carney said he "respects" that Trump is preoccupied with the border, drugs and high-paying jobs.
He said he shares those concerns for Canada, and that's what he will focus on.
"We can give ourselves more than anything that President Trump or any other trade partner can take away," he said.
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Conservatives won't allow reporters to travel with Poilievre during upcoming election
No recent precedent for a major party barring journalists from accompanying federal campaign
The Conservative national campaign director told media outlets Tuesday their journalists won't be allowed to travel with leader Pierre Poilievre on his campaign plane and bus during the upcoming election, ending a decades-old tradition of reporters embedding with a prospective candidate to lead the country.
There is no recent precedent for a major federal party barring reporters, producers, camera operators and broadcast technicians from travelling with a leader during a national election campaign.
In the most recent federal campaigns in 2019 and 2021, for example, major broadcasters, including CBC/Radio-Canada, CTV and Global, a number of print outlets and the wire service, The Canadian Press, had journalists with past Conservative leaders Andrew Scheer and Erin O'Toole throughout the campaign.
Those journalists documented the leaders' announcements, asked questions at news conferences, made connections with staff members and met voters along the campaign trail as part of an effort to bring election stories to Canadians.
Travelling with the leader ensured journalists had ready access to the party's events, which are sometimes in remote areas of the country, or in "news deserts," where there are few local outlets after years of newsroom closures.
In her letter announcing the move, Jenni Byrne, the national director, said the reason the party is doing away with the embeds is because "costs for travel have risen considerably. At the same time, so has the capacity for digital and remote access to public events."
What polls say about a Carney vs. Poilievre election Media outlets have historically paid the parties to have their journalists travel with the leaders, often at a considerable cost, with travel fees in the tens of thousands of dollars.
"With that in mind, there will be no media contingent on a Conservative bus or plane, though we welcome and encourage participation at all public events," Byrne said.
She said the party would "like to assure you that this campaign will be one of the most accessible and transparent campaigns in recent memory."
The Liberals, the NDP and the Bloc Québécois told media outlets they will allow journalists to travel with their leaders.
"Why does Pierre Poilievre's team feel like they need to hide him from the media and Canadians in the next federal election? He's the wrong choice at the wrong time," a Liberal Party spokesperson told CBC News.
Video footage, conferencing offered
Byrne said the party will give media outlets "a two-to-three-day advance notice" of Poilievre's event locations so that journalists can be deployed to cover what the leader says and does.
The setup likely means it will be mostly local and regional reporters covering Poilievre's events and news conferences, not the journalists who cover federal politics full time.
Byrne said the party will also offer "full conferencing services" for Poilievre's media availabilities, to allow reporters to ask questions from afar, if necessary.
She said the Conservatives will offer a party-controlled "professional-grade feed" of Poilievre's announcements to give broadcasters access to tape if they can't send a camera to cover it themselves.
Poilievre has had a fractious relationship with some media outlets, including CBC News, and has denounced some of the journalists that make up the Parliamentary Press Gallery.
He has vowed to defund CBC, if elected.
Prime Minister Mark Carney is expected to call an election soon with the vote expected in late April or early May.
Poilievre's Conservatives led in public opinion polls for months but have since seen their support slump in the wake of U.S. President Donald Trump's tariff threats and 51st state taunts.
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Despite poll slump, Poilievre supporters confident as Conservative leader rallies in London, Ont.
Rally came hours before Liberal Party announced Mark Carney as its new leader
A look inside and outside Pierre Poilievre's rally in London, Ont.A recent dip in public opinion polling for Conservative Leader Pierre Poilievre has done little to dent the confidence of his supporters in London, Ont., ahead of a looming federal election.
Hundreds of Conservative backers filed into RBC Place for a rally on Sunday dubbed "Bring It Home," Poilievre's first in the southwestern Ontario city since late 2023.
The mid-day rally, which drew a lineup that snaked around the block, comes as the party's comfortable polling lead over the Liberals has shrunk following the return of U.S. President Donald Trump to office and Prime Minister Justin Trudeau's resignation announcement.
Despite that, supporters waiting to get into the rally expressed no concern about Poilievre's chances in the next federal election, whenever it may be called.
"I'm hoping it's a guarantee. But, you know, if for some reason we lose, we lose. That's part of democracy," London resident Jordon Chortos said. "The Liberal Party needs to understand that it's up to the people. You don't just get to stay in power forever, unless the people allow you to."
Poilievre was preceded on stage by Andrew Lawton, the party's candidate in Elgin—Middlesex—London, and was introduced by his wife, Anaida Poilievre.
A
line of Conservative Party supporters snakes down the street and around
the corner from RBC Place in London, Ont., where leader Pierre
Poilievre held a rally on Sunday. (Matthew Trevithick/CBC)
Carney is Poilievre's new opponent
The rally came mere hours before the Liberals announced the election of Mark Carney as the party's new leader — and, by extension, Poilievre's new election opponent. It remains to be seen whether Carney, who is prime minister-designate until Trudeau tenders his resignation to the Governor General, will call an election now or wait until Parliament returns on March 24.
Carney was mentioned at least a dozen times by the Conservative leader, who has dubbed him "Carbon Tax Carney" for the last several months. During the rally, Poilievre claimed without proof that the new Liberal leader was lying about his promise to scrap the tax.
"Careful everybody, because sneaky Mark Carney's going to try and pull a fast one on you. Here's what he's got planned, I'm making a prediction," he told the crowd.
Poilievre suggested Carney would tell his environment minister to stop collecting the tax until after the election and would then bring in an "even bigger shadow carbon tax."
Poilievre says he is not a ‘MAGA guy’ and is ‘Canada first’ As he did last week, he also accused Carney of having financial interests in conflict with Canada's national interests, which he said Trump could exploit to attack Canadian jobs.
"We will put Canada first by bringing it home," he said, promising to bolster the working class and bring the resource sector "roaring back to life," while cracking down on drugs and crime — comments similar to ones he made during a "Canada First" rally last month in Ottawa.
Supporters outside rally want election
Outside RBC Place, supporters were largely unified, saying that an election should be called immediately.
"Sooner the better," said Robert Wood, who was in line with his wife, Joyce Wood. For him, the only competitor for Carney was Ruby Dhalla, adding that the Liberals "cut her off at the knees."
"The debates were a farcical back-slapping congratulatory message to the Canadian public, and it didn't represent what the majority of Canadians think," Wood said.
Dhalla was kicked out of the leadership race after the Liberal Party's vote committee said she had violated multiple rules, including alleged violations of the Canada Elections Act and inaccurate financial reporting. Dhalla has called the allegations "false" and "fabricated."
Poilievre
speaks to supporters during the rally in London, Ont., on Sunday. He
mentioned Mark Carney, the new Liberal leader, at least a dozen times in
his speech. (Matthew Trevithick/CBC)
"Monday would be perfect. We need change in Canada," London resident Jennifer Stoskopf said of when an election should be called.
Stoskopf said it was important that Canada have a strong leader to fight against Trump, who has been threatening punishing tariffs and making remarks about Canada becoming the 51st state.
Across the street, a smaller crowd of demonstrators waved signs in opposition to Poilievre, some likening him to a Canadian Trump. "It's not true at all," Stoskopf said.
"God bless this country, that we can have protesters and counter-protesters. That's the great thing about Canada, free speech."
Demonstrators hold signs outside the Conservative Party rally at RBC Place in London, Ont., on Sunday. (Matthew Trevithick/CBC)
Any election call should be made in a month or two, said Will Rogers, a local post-secondary student in line to hear Poilievre.
"I'd like to see what the Liberals have to offer for their new leader. If we have a little bit more time, we get basically a free trial into seeing how they manage," he said.
Rogers admitted he wasn't deeply familiar with Poilievre's platform, and was hoping to learn more at the rally about his positions on housing and trade amid the U.S. tariff threats.
"I'm curious about what he might have planned for trade with Europe, replacing certain things that we might be moving on from with the U.S."
Nothing should be off the table when it comes to Canada-U.S. trade, says former Trump ambassador
Gordon Sondland says U.S. president wants immediate change on irritants like dairy
Trump is ‘blowing things up to put them back together’: former U.S. ambassador to EUDonald Trump's former ambassador to the European Union says nothing should be off the table when it comes to Canada-U.S. trade discussions and that the U.S. president wants immediate change on his irritants like dairy and auto manufacturing.
"You cannot have fair and multilateral trade by someone saying that something is not up for grabs," Gordon Sondland said in an interview on Rosemary Barton Live on Sunday. "Everything is up for grabs. Everything."
Sondland referred to Canada's supply management system — a national policy framework meant to ensure predictable and stable prices by guaranteeing supply-managed dairy farmers a minimum price for their products. Trump has railed against the system for years.
During the North American Free Trade Agreement (NAFTA) negotiations in 2018, Canada fiercely protected supply management despite the Trump administration's protestations.
Trump's team views Canada's red line on supply management as a "very dismissive response," Sondland said, adding that the U.S. will pressure Canadian officials on all trade fronts "because everything is a blank sheet of paper."
U.S.
President Donald Trump speaks at the swearing-in ceremony for Commerce
Secretary Howard Lutnick at the White House in Washington, D.C., on Feb.
21. (Pool/The Associated Press)
The former ambassador's comments come as Trump either imposes or threatens tariffs on Canada, the European Union and soon the entire world.
"I think what President Trump is trying to do with all of these [trade] relationships is create some immediate action by essentially blowing things up in order to put them back together again," Sondland told host Rosemary Barton.
But Gordon Giffin, a former U.S. ambassador to Canada, is critical of Trump for creating a confusing trade war through tariffs "that have no justification."
"It's impossible to discern what the president's goal is with these tariffs," Giffin said in an interview on Rosemary Barton Live.
Canada announces $29.8 billion in retaliatory tariffs on U.S. goodsOver the past few months, Trump and his team have cycled through different reasons for U.S. tariffs, including fentanyl and illegal immigration, Canada's auto sector and banking regulations, certain digital policies and Canada's defence spending.
"If he was responding to some trade issue with Canada that we could identify with the tariffs, then we might be able to have a conversation," Giffin said. "But it's hard to solve for a solution when you don't know what the problem is."
Giffin said Canada's response to Trump's tariffs — which so far is a 25 per cent levy on some $60 billion worth of American goods — "has been very good" and "will ultimately make an impact on U.S. consumers and businesses."
The next big deadline: April 2
After meeting with Trump trade representatives in Washington, D.C., Canadian officials say the U.S. president and his administration plan to impose tariffs by sector in countries around the world on April 2.
David Paterson, Ontario's representative in Washington, said in an interview on Power & Politics that countries that get along the best with the U.S. will be "first in line" to adjust or mitigate the tariffs.
"This is the policy. This is the way they're going forward," he told host David Cochrane.
"Tariffs are now a global policy of the United States," Paterson said. "And this is a historic change to global trading patterns, and [the Americans are] very aware of that."
What was said at the 'productive' meeting in D.C. this week?According to Paterson, the U.S. government is focused on dealing with its yearly deficit in federal spending. According to the U.S. Treasury Department, the federal government ran a $1.83 trillion US deficit in the 2024 fiscal year.
Tariffs, Paterson said, are meant to be a revenue source and attract investment into the U.S.
Kirsten Hillman, Canada's ambassador to the U.S., said the Americans know Canada will respond to Trump's tariff on April 2 and that the president's team is "deeply focused" on that deadline.
"It's the rest of the world that is going to now be brought into their plan. And that is [the Americans'] singular focus," Hillman said. "After that happens, then we'll see what they think the next step might be."
Corrections
- An earlier version of this story misspelled Gordon Giffin's last name.Mar 17, 2025 6:13 PM ADT
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With files from Holly Cabrera
Ottawa sells off almost all its gold reserves, leaving just 77 ounces — or less
Unlike other countries, Ottawa has been selling off its reserve of gold bullion and coins
The government of Canada has wound down its gold reserves to basically nothing after a multi-year strategy of selling them off in favour of hoarding other countries' currencies instead.
According to the Department of Finance's official international reserves data released Thursday, Canada's gold reserves were down effectively to $0 as of the end of February. That's the value that Ottawa assigns its gold holdings from an accounting perspective.
In fact, Ottawa still has 77 ounces of gold, worth about $130,000 Canadian at current market prices. All of that consists of gold coins, as opposed to large bullion bricks that the government once hoarded.
The price of gold surged to its highest level in more than a year on Friday at $1,274.70 US an ounce.
Ottawa's gold holdings peaked in the 1960s at more than 1,000 tonnes. But the government has been steadily selling off its gold holdings ever since. By 2003, Ottawa was down to 3.4 tonnes, which it has now almost entirely sold.
Figures show Canada sold 41,106 ounces of gold coins in December and another 32,860 ounces of gold coins in January. Last month, the government sold off another 21,851 in February.
"The decision to sell the gold was not tied to a specific gold price, and sales are being conducted over a long period and in a controlled manner," Finance Department spokesman David Barnabe wrote in a recent email to CBC News.
"The government has a long-standing policy of diversifying its portfolio by selling physical commodities (such as gold) and instead investing in financial assets that are easily tradable and that have deep markets of buyers and sellers," he said.
The final 77 ounces may in fact already be sold, but we won't know that until the monthly reserve figures come out for March in early April.
The figures don't say which coins Ottawa has been selling. The Royal Canadian Mint has produced pure Maple Leaf gold coins in a variety of denominations for more than 40 years. They've proven to be popular around the world, with more than 25 million troy ounces of coins sold since 1979. It also produces gold coins for collectors, along with gold bars and wafers.
Canada produced $5 and $10 gold coins in the 1912-1914 period, too. The mint began to sell off its stash of that vintage gold in 2012 and ended that program in early 2014, selling 30,000 high-quality vintage coins containing 13,000 ounces of gold. The remaining lower-quality vintage coins were all refined so the government could sell the balance as gold bullion.
Former senior Finance Department bureaucrat Don Drummond says he doesn't think it makes any sense for Canada to hold any gold, because it hasn't delivered a good rate of return over time and it costs money to store it.
Drummond says that hundreds of years ago, gold symbolized the wealth of a country.
But that's no longer the case, since no major world economies still value their money tied to the gold standard.
Other countries still hoarding
That doesn't mean all governments are selling off their gold hoards, however. Countries such as Russia, India and China are currently bolstering their reserves. Central banks added 336 tonnes to their reserves in the second half of last year, a 25 per cent increase from the previous year, the World Gold Council says.
In February, the U.S. held about 8,133 tonnes of gold, which made up 72 per cent of its reserves. Germany had 3,381 tonnes for 66 per cent of its reserves last month, while Italy and France each held more than 2,400 tonnes — over 60 per cent of their respective reserves.
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With files from The Canadian Press
David Amos
Canada's official international reserves last released by the Bank of Canada (BofC) on February 23, 2016 showed gold reserves at zero (0). This is unprecedented. Canada now stands as the only G7 nation that does not hold at least 100 tonnes of gold in its official reserves.
Intrinsic Factor
fast forward to today April 2024.......Gold is now $2,347.05 US or $3,188.77cdn While foreign Central Banks are hoarding Gold and Silver more than ever, we in Canada have zero reserves and our fiat dollar is back by nothing.
ricardo
In 1913, when the Federal Reserve was created, gold was $15/oz, It is now $1280. Since 1913 the purchasing power of a $US has decreased by 99%. Tell me, which has more staying power?
Dee
Jeez, I REALLY hope this doesn't come back to bite us!!
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