SCM Brief

Loonie nears a 5-month high as oil prices climb
The Canadian dollar made its largest gain in three months last week as oil prices rose and Bank of Canada Governor Stephen Poloz indicated that interest rate hikes are imminent.

Higher interest rates from Bank of Canada may now be two weeks away
Financial markets are now expecting the Bank of Canada to raise its key overnight lending rate by a quarter percentage point at its next rate-setting meeting on July 12 after Governor Stephen Poloz suggested that the low rates have successfully repaired the economy.

How augmented reality and Apple will transform retail and logistics supply chains
Augmented reality is expected to make significant progress with Apple’s involvement. Early examples of augmented reality included Google Glass and Pokémon Go, but new uses are expected to assist with things such as: warehouse planning, pick-and-pack services, and last mile delivery.

Canada accepts first export of conflict free artisanal gold from Eastern Congo
The first shipment of conflict free artisanal gold from Eastern Congo was exported to a Canadian jeweller just one month after a new responsible gold supply chain system was implemented. With this shipment, it will be the first time consumer goods will be made out of conflict-free gold from Congo that is fully traced from mine, throughout the supply chain, through to the customer.