August: A Shaky World Economy, with Silver in the Spotlight

Ontario is starting to feel the strain of the Trump administration’s protectionist stance, with 38,000 jobs lost in the second quarter alone. . In the U.S., the trade deficit surged by 19% in July to USD 63.6 billion — a level not seen since the 2008 financial crisis. 

In Europe, ECB President Christine Lagarde has warned of a likely economic slowdown in the eurozone in the third quarter. Meanwhile, sentiment in the UK remains subdued among both consumers and employers.

In China, a range of indicators point to a deepening economic slowdown.