The Globe and Mail reports in its Tuesday edition that chastened by past missteps, the Canadian gold industry is swapping recklessness for conservatism, mainly by avoiding expensive deal making. The Globe's Niall McGee writes that on Monday, gold futures traded north of $1,940 an ounce for the first time, surpassing the previous record of $1,920 set back in September, 2011. The most-traded August futures settled at $1,931 an ounce. The ultimate safe haven investment, gold over the past few months has benefited from unparalleled volatility in financial markets, as the COVID-19 virus has spread around the world and governments attempt to stave off a global depression by injecting trillions in economic stimulus. Historically low interest rates, a weakening U.S. dollar and renewed tensions between the United States and China have also benefited bullion. The Globe says that during the previous bull market in gold that lasted from the early 2000s through to late 2011, the industry made lots of mistakes. Marginal projects were put into production and senior miners such as Barrick, Goldcorp (now part of Newmont) and Kinross cumulatively spent tens of billions of dollars on mergers and acquisitions that did not work out.