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GOLD PRICE IN ONTARIO — FEBRUARY 2014

C$1,438.77 avg/oz

During February 2014, gold dealers serving Ontario based pricing on CAD spot prices ranging from C$1,390.26 to C$1,487.12 per ounce, with a monthly average of C$1,438.77. The month opened at C$1,401.85 and closed at C$1,469.79, a gain of C$67.94. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Ontario.

DAILY PRICES — FEBRUARY 2014

DateClose (CAD)Change
February 3, 2014C$1,401.85+18.41
February 4, 2014C$1,390.26-11.59
February 5, 2014C$1,393.47+3.21
February 6, 2014C$1,393.11-0.36
February 7, 2014C$1,398.33+5.22
February 10, 2014C$1,406.98+8.65
February 11, 2014C$1,426.33+19.35
February 12, 2014C$1,425.92-0.41
February 13, 2014C$1,429.65+3.73
February 14, 2014C$1,447.91+18.26
February 18, 2014C$1,451.34+3.43
February 19, 2014C$1,446.24-5.10
February 20, 2014C$1,458.03+11.79
February 21, 2014C$1,470.02+11.99
February 24, 2014C$1,487.12+17.10
February 25, 2014C$1,485.20-1.92
February 26, 2014C$1,472.16-13.04
February 27, 2014C$1,482.87+10.71
February 28, 2014C$1,469.79-13.08

📊 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

When to Buy and Sell Gold: Consider buying when gold-to-stock ratios are low and selling when gold exceeds your target allocation. Profit-taking near historical highs and reallocating to undervalued assets can lock in gains. Avoid panic selling during short-term dips — gold rewards patient holders.

Storage Considerations: Home safe (for holdings under C$50,000), bank safe deposit box (limited insurance), or allocated vault storage through dealers like Kitco or Sprott Money (institutional security, insured). Each option involves different cost, convenience, and risk trade-offs.

⚖️ Unit Conversions (CAD)

UnitPrice (CAD)
Per Troy Ounce (31.1g)C$1,438.77
Per GramC$46.26
Per KilogramC$46,257.46
Per Pennyweight (1.555g)C$71.94
Per Tola (11.66g)C$539.54

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