Canadian Inflation Up, Gold Hits New Record

Parliament Hill, Ottawa, Canada

While Canada’s economy has seemingly fared better than the USA’s lately, there are still problems there:

TORONTO (Dow Jones)–Canadian bonds were lower Tuesday, more than erasing day-earlier gains and ending a weeklong rally, as stronger-than-expected inflation data ignited thoughts that the Bank of Canada might begin raising rates again sooner, rather than later, this year. http://online.wsj.com/article/BT-CO-20110419-712662.html

Gold hit another record today:

NEW YORK (Dow Jones)–Gold futures extended their record-breaking rally Wednesday, but again settled below the $1,500 level as investors who chose to lock in profits outnumbered new buyers.

The thinly traded April-delivery contract settled at a record $1,498.30 per troy ounce, $3.80, or 0.3%, higher on the Comex division of the New York Mercantile Exchange. The contract had set a fresh intraday record of $1,505.30.

The most actively traded contract, for June delivery, gained 0.3%, or $3.80, to settle at a record $1,498.90 per troy ounce after touching an intraday record of $1,506.50. http://online.wsj.com/article/BT-CO-20110420-713616.html

Although Canada has a more export-oriented economy than the USA (which is a MAJOR Canadian strength), prophetically and militarily it is tied to the USA and is expected to suffer essentially the same fate.

Which is?

Unless there is national repentance, it will ultimately be taken over and probably have its lands divided. And its dollar, as well as the USA’s, will ultimately become worthless.

Because of military and political considerations, in several years, the King of the North might give Russia all or parts of Alaska as well as possibly parts of Canada, as well as some people from those lands.

The reality is that the economies of the Anglo-nations will have ups and downs until they finally collapse (cf. Habakkuk 2:3-8) and are taken over (Daniel 11:39). But gold will remain of some value somewhat past that time (Daniel 11:40-43).

Some articles of potentially-related interest may include:

Anglo – America in Prophecy & the Lost Tribes of Israel Are the Americans, Canadians, British, Scottish, Welsh, Australians, Anglo-Southern Africans, and New Zealanders descendants of Joseph? Where are the lost ten-tribes of Israel? Who are the lost tribes of Israel? Will God punish the U.S.A., Canada, United Kingdom, and other Anglo nations? Why might God allow them to be punished first? What will happen to the nation of Israel?
Will the Anglo-Nations be Divided? Will the lands of the United States, United Kingdom, Canada, Australia, and New Zealand be divided? What does Bible prophecy teach? Are there non-biblical prophecies that support this idea? Who will divide those lands? Who will end up with the lands and the people?
Who is the King of the North? Is there one? Do biblical and Roman Catholic prophecies point to the same leader? Should he be followed? Who will be the King of the North discussed in Daniel 11? Is a nuclear attack prophesied to happen to the English-speaking peoples of the United States, Great Britain, Canada, Australia, and New Zealand? When do the 1335 days, 1290 days, and 1260 days (the time, times, and half a time) of Daniel 12 begin? What MUST happen BEFORE the Great Tribulation?
Physical Preparation Scriptures for Christians. We all know the Bible prophecies famines. Should we do something?
The Plain Truth About Gold in Prophecy. How Should a Christian View Gold? What do economists and the Bible teach about gold? Gold and silver may drop in value. Inflation/deflation? What do Christians need to know about gold?