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GOLD PRICE IN MANITOBA — MAY 2018

C$1,674.93 avg/oz

During May 2018, gold dealers serving Manitoba based pricing on CAD spot prices ranging from C$1,646.58 to C$1,697.35 per ounce, with a monthly average of C$1,674.93. The month opened at C$1,672.96 and closed at C$1,676.23, a gain of C$3.27. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Manitoba.

DAILY PRICES — MAY 2018

DateClose (CAD)Change
May 1, 2018C$1,672.96-17.01
May 2, 2018C$1,673.22+0.26
May 3, 2018C$1,688.44+15.22
May 4, 2018C$1,686.90-1.54
May 7, 2018C$1,686.94+0.04
May 8, 2018C$1,689.72+2.78
May 9, 2018C$1,697.35+7.63
May 10, 2018C$1,697.19-0.16
May 11, 2018C$1,684.34-12.85
May 14, 2018C$1,682.62-1.72
May 15, 2018C$1,649.79-32.83
May 16, 2018C$1,660.76+10.97
May 17, 2018C$1,646.58-14.18
May 18, 2018C$1,656.04+9.46
May 21, 2018C$1,661.40+5.36
May 22, 2018C$1,650.26-11.14
May 23, 2018C$1,652.37+2.11
May 24, 2018C$1,673.17+20.80
May 25, 2018C$1,679.04+5.87
May 29, 2018C$1,687.23+8.19
May 30, 2018C$1,695.85+8.62
May 31, 2018C$1,676.23-19.62

📊 Gold Market Analysis

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. Gold has historically outperformed during periods of negative real interest rates — when inflation exceeds the Bank of Canada's overnight rate. Canadian investors use gold as a hedge against purchasing power erosion, particularly when CPI exceeds 3%. The correlation between gold and the inverse of real rates makes it a strategic allocation in balanced 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

Dollar-Cost Averaging (DCA): Buy a fixed CAD amount of gold each month — say C$500. This strategy reduces the impact of short-term volatility and removes the stress of timing the market. Over 10+ years, DCA has historically produced returns close to the annual average gold price.

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.

⚖️ Unit Conversions (CAD)

UnitPrice (CAD)
Per Troy Ounce (31.1g)C$1,674.93
Per GramC$53.85
Per KilogramC$53,850.17
Per Pennyweight (1.555g)C$83.75
Per Tola (11.66g)C$628.10

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