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CANADIAN GOLD MAPLE LEAF — DECEMBER 27, 2016

🪙 99.99% Purity · GST/HST-exempt · RRSP/TFSA: Yes

C$1,599.43
Premium: C$61.52 (4.0%)

On Tuesday, December 27, 2016, the Canadian Gold Maple Leaf was priced at C$1,599.43 in Canadian Dollars. This included the spot price of C$1,537.91 plus a typical dealer premium of C$61.52 (4.0% over spot). Gold rose C$11.95 (+0.78%) from the previous session.

The Canadian Gold Maple Leaf is one of the world's most recognized gold bullion coins, produced by the Royal Canadian Mint since 1979. With 99.99% purity (four nines fine), it is the purest regular-issue gold coin in the world. The Maple Leaf features advanced security features including radial lines and a micro-engraved maple leaf. It is legal tender with a face value of C$50.

In 2016, gold in CAD traded between C$1,490.57 and C$1,790.43, with an annual average of C$1,652.64. This day's price was -6.9% below the yearly average and -14.1% from the year's high.

PRICE BREAKDOWN

ComponentCAD
Gold Spot (XAU/CAD)C$1,537.91
Premium (4.0%)+C$61.52
Canadian Gold Maple LeafC$1,599.43
Per GramC$51.42

CANADIAN DEALER PRICES — DECEMBER 27, 2016

Dealer1 oz Bar (CAD)Premium
KitcoC$1,602.91C$65.00
Sprott MoneyC$1,615.91C$78.00
SilverGoldBullC$1,592.91C$55.00
TD Precious MetalsC$1,632.91C$95.00
Royal Canadian MintC$1,647.91C$110.00
Border GoldC$1,607.91C$70.00

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📊 Market Analysis — December 27, 2016

For Canadian investors, understanding the relationship between the USD/CAD exchange rate and gold pricing is essential. A weakening Canadian Dollar amplifies gold returns in CAD terms, while a strengthening CAD can dampen returns even when USD-denominated gold rises. Geopolitical tensions — including trade wars, military conflicts, and sanctions — historically drive gold higher as investors seek safe-haven assets. The Canadian Dollar, as a commodity currency tied to oil prices, can weaken independently during global uncertainty, creating a double tailwind for gold priced in CAD.

❓ Frequently Asked Questions

❓ Can I hold gold in my RRSP or TFSA?

Gold bars and coins with 99.5%+ purity from approved refiners can be held in a self-directed RRSP or TFSA through a qualified custodian. Storage is handled by approved vault facilities like those operated by the Royal Canadian Mint.

❓ Is this product GST/HST-exempt in Canada?

Under the Excise Tax Act, investment-grade gold bullion with 99.5% or higher purity is exempt from GST/HST across all Canadian provinces. Products below this threshold (e.g., American Eagle at 91.67% gold) are subject to full provincial sales tax.

❓ How should I store gold safely at home?

If storing at home, use a UL-rated fire-resistant safe bolted to concrete. Consider a rider on your home insurance policy. For larger holdings, allocated vault storage through Kitco Pool or Sprott Money provides institutional-grade security.

💡 Canadian Gold Investor Guide

Portfolio Allocation: Most Canadian financial planners recommend allocating 5–15% of a diversified portfolio to gold and precious metals. This allocation provides downside protection during equity bear markets while maintaining growth potential during inflationary periods.

Physical vs Paper Gold: Physical bullion (bars, coins) provides tangible ownership with no counterparty risk, ideal for long-term holdings. ETFs (CGL.TO, MNT.TO) offer convenience for trading and rebalancing. A combination of both can optimize for both security and flexibility.

⚖️ Unit Conversions (CAD)

UnitPrice (CAD)
Per Troy Ounce (31.1g)C$1,599.43
Per GramC$51.42
Per KilogramC$51,422.79
Per Pennyweight (1.555g)C$79.97
Per Tola (11.66g)C$599.79

📚 Learn more: How to Buy Gold in Canada · Gold Tax Guide · 25 Year Price Analysis · All Guides