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6% Gold prices remained stagnant through the fourth quarter, driven by COVID-19 vaccine breakthroughs and a weaker US dollar. These factors, alongside inflation expectations and declining real yields, are likely to keep gold prices positive in the near term. We re hearing from economists around the world that US inflation is expected to rise in the coming months on the back of global economic recovery, supported by various governments fiscal and monetary stimulus initiatives, says Jay Patel, EY Canada Mining & Metals Strategy and Transactions Leader. With inflation pressures rising, we can anticipate continued demand for precious metals. At the same time, vaccine distribution, along with strong demand from China, are expected to positively support base metals prices in the near term. Base metals experienced sustained growth in Q4 2020 with copper prices up 16%, while nickel and zinc prices each saw a 14% increase. ....
Share this article Financial institutions face emerging risks, new compliance requirements in new year MONTRÉAL, Jan. 11, 2021 /CNW/ - EY Canada is pleased to welcome Montreal-based Resolution Inc. to the firm today to enhance its national anti-money laundering (AML) and counter terrorism financing (CTF) services. Financial crime is on the rise and compliance requirements are shifting for Canadian financial services companies as more products and services continue to move online in response to COVID-19, says Linda Williams, EY Canada Managing Partner, Consulting. Navigating this increasingly complex environment will require companies to embrace more business and data intelligence. We re excited to join forces with Resolution to offer our clients just that. ....