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GOLD PRICE IN MANITOBA — APRIL 2002

C$409.73 avg/oz

During April 2002, gold dealers serving Manitoba based pricing on CAD spot prices ranging from C$403.38 to C$420.66 per ounce, with a monthly average of C$409.73. The month opened at C$409.32 and closed at C$417.01, a gain of C$7.69. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Manitoba.

DAILY PRICES — APRIL 2002

DateClose (CAD)Change
April 1, 2002C$409.32+0.81
April 2, 2002C$412.96+3.64
April 3, 2002C$408.51-4.45
April 4, 2002C$406.49-2.02
April 5, 2002C$405.14-1.35
April 8, 2002C$405.68+0.54
April 9, 2002C$403.38-2.30
April 10, 2002C$407.30+3.92
April 11, 2002C$407.97+0.67
April 12, 2002C$407.84-0.13
April 15, 2002C$405.00-2.84
April 16, 2002C$403.38-1.62
April 17, 2002C$407.84+4.46
April 18, 2002C$411.08+3.24
April 19, 2002C$408.10-2.98
April 22, 2002C$409.05+0.95
April 23, 2002C$410.40+1.35
April 24, 2002C$410.80+0.40
April 25, 2002C$415.94+5.14
April 26, 2002C$420.66+4.72
April 29, 2002C$420.12-0.54
April 30, 2002C$417.01-3.11

📊 Gold Market Analysis

Gold has historically served as an effective hedge against inflation and currency depreciation in Canada. Central bank policies, including the Bank of Canada's interest rate decisions, directly influence the attractiveness of gold relative to fixed-income investments. The Canadian Dollar (CAD) is strongly correlated with crude oil prices due to Canada's status as a major oil exporter. When oil prices fall, the CAD typically weakens, causing gold priced in CAD to rise even if USD gold is flat. This commodity currency dynamic makes gold an effective diversifier in Canadian portfolios.

❓ Frequently Asked Questions

❓ Is gold taxed in Canadian provinces?

Investment-grade gold bullion (99.5%+ purity) is exempt from GST/HST in all Canadian provinces under the federal Excise Tax Act. However, provincial policies may vary for numismatic coins, gold jewelry, and gold items below the purity threshold.

❓ Does provincial tax rate affect gold investment returns?

While GST/HST-exempt gold itself is unaffected by provincial tax rates, the marginal tax rate in your province affects capital gains taxes when selling gold. Provinces with lower marginal rates provide a slight advantage for non-registered gold profits.

❓ What about capital gains tax on gold?

Gold sold at a profit outside registered accounts (RRSP/TFSA) triggers capital gains tax in all provinces. In Canada, 50% of the gain is included in taxable income at your marginal rate. Keep purchase receipts for adjusted cost base calculations.

💡 Canadian Gold Investor Guide

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.

Tax-Efficient Gold Investing: Maximize TFSA contributions first — all gold gains are 100% tax-free. Then use RRSP for tax-deductible contributions where gains are tax-deferred. Keep non-registered gold purchases for emergency reserves, as the capital gains inclusion rate is 50%.

⚖️ Unit Conversions (CAD)

UnitPrice (CAD)
Per Troy Ounce (31.1g)C$409.73
Per GramC$13.17
Per KilogramC$13,173.11
Per Pennyweight (1.555g)C$20.49
Per Tola (11.66g)C$153.65

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