Today's and Yesterday's Palladium Price
| Date | Price (oz) C$ | Price (gram) C$ |
|---|---|---|
| 2026-05-17 | 1,956.85 (0.00) | 62.91 (0.00) |
| 2026-05-16 | 1,956.85 (+8.01) | 62.91 (+0.25) |
Past 10 Days Palladium Price
| Date | Price (oz) C$ | Price (gram) C$ |
|---|---|---|
| 2026-05-17 | 1,956.85 (0.00) | 62.91 (0.00) |
| 2026-05-16 | 1,956.85 (+8.01) | 62.91 (+0.25) |
| 2026-05-15 | 1,948.84 (-125.21) | 62.66 (-4.02) |
| 2026-05-14 | 2,074.05 (+2.64) | 66.68 (+0.08) |
| 2026-05-13 | 2,071.41 (+32.68) | 66.60 (+1.05) |
| 2026-05-10 | 2,038.74 (0.00) | 65.55 (0.00) |
| 2026-05-09 | 2,038.74 (+2.44) | 65.55 (+0.08) |
| 2026-05-08 | 2,036.30 (-33.63) | 65.47 (-1.08) |
| 2026-05-07 | 2,069.93 (-25.96) | 66.55 (-0.83) |
| 2026-05-06 | 2,095.89 (+48.00) | 67.38 (+1.54) |
Last 30 Days Palladium Price
| Date | Price (oz) C$ | Price (gram) C$ |
|---|---|---|
| 2026-05-17 | 1,956.85 (0.00) | 62.91 (0.00) |
| 2026-05-16 | 1,956.85 (+8.01) | 62.91 (+0.25) |
| 2026-05-15 | 1,948.84 (-125.21) | 62.66 (-4.02) |
| 2026-05-14 | 2,074.05 (+2.64) | 66.68 (+0.08) |
| 2026-05-13 | 2,071.41 (+32.68) | 66.60 (+1.05) |
| 2026-05-10 | 2,038.74 (0.00) | 65.55 (0.00) |
| 2026-05-09 | 2,038.74 (+2.44) | 65.55 (+0.08) |
| 2026-05-08 | 2,036.30 (-33.63) | 65.47 (-1.08) |
| 2026-05-07 | 2,069.93 (-25.96) | 66.55 (-0.83) |
| 2026-05-06 | 2,095.89 (+48.00) | 67.38 (+1.54) |
| 2026-05-05 | 2,047.89 (+26.97) | 65.84 (+0.87) |
| 2026-05-04 | 2,020.93 (-54.79) | 64.97 (-1.77) |
| 2026-05-03 | 2,075.72 (-1.83) | 66.74 (-0.05) |
| 2026-05-02 | 2,077.55 (-8.15) | 66.79 (-0.27) |
| 2026-05-01 | 2,085.70 (+85.03) | 67.06 (+2.74) |
| 2026-04-30 | 2,000.67 (-1.50) | 64.32 (-0.05) |
| 2026-04-29 | 2,002.17 (-180.82) | 64.37 (-5.81) |
| 2026-04-14 | 2,182.98 (+10.63) | 70.18 (+0.34) |
| 2026-04-13 | 2,172.35 (+58.10) | 69.84 (+1.87) |
| 2026-04-12 | 2,114.24 (-4.44) | 67.97 (-0.15) |
| 2026-04-11 | 2,118.68 (+4.06) | 68.12 (+0.13) |
| 2026-04-10 | 2,114.62 (-38.21) | 67.99 (-1.23) |
| 2026-04-09 | 2,152.83 (-19.37) | 69.22 (-0.62) |
| 2026-04-08 | 2,172.20 (+146.74) | 69.84 (+4.72) |
| 2026-04-07 | 2,025.46 (-42.17) | 65.12 (-1.36) |
| 2026-04-06 | 2,067.63 (-39.84) | 66.48 (-1.28) |
| 2026-04-05 | 2,107.47 (0.00) | 67.76 (0.00) |
| 2026-04-04 | 2,107.47 (+1.50) | 67.76 (+0.05) |
| 2026-04-03 | 2,105.97 (+15.78) | 67.71 (+0.51) |
| 2026-04-02 | 2,090.19 (+4.57) | 67.20 (+0.15) |
Note: Some dates may be missing due to market closures or other anomalies.
Last 3 Months Palladium Price Chart
Note: Some dates may be missing due to market closures or other anomalies.
Last 6 Months Palladium Price Chart
Note: Some dates may be missing due to market closures or other anomalies.
1 Year Palladium Price Chart in CAD
Note: Some dates may be missing due to market closures or other anomalies.
It won’t be wrong to say that palladium has had one of the most dramatic price runs in precious metals history. After all, it went from being under $200 per ounce in the early 2000s to an all-time high of $3,440.76 per troy ounce in March 2022. And needless to say, this platinum-group metal has generously rewarded those who understood its story (and penalised those who did not). So, for Canadians buying, selling, or simply tracking the metal, understanding palladium’s price history in Canada is extremely important. It means looking at both the global market and the Canadian dollar’s role in shaping what any given ounce is actually worth on a given day.
Palladium Price Trends in Canada
Well, the long-term trend in palladium prices has been one of structural tightness punctuated by sharp rallies and equally sharp corrections. Like for most of the 1990s and early 2000s, you could say that palladium was just an afterthought in the metals world. But that is not the case anymore. Today it sits alongside gold, silver, and platinum as a metal that serious investors and industry buyers watch closely.
Factors That Affect Palladium Prices
There can be several interlocking factors that drive palladium prices at any given moment.
- Take the example of Autocatalyst demand. This is the biggest one. See, over 80 percent of all palladium consumed each year goes into catalytic converters for gasoline and hybrid vehicles. Stricter emissions standards in Europe, North America, and China have steadily pushed the amount of palladium required per vehicle higher. Therefore, whenever auto sales are strong, demand for palladium spikes.
- Russian supply concentration is another risk factor on the supply side. The thing is, Russia accounts for about 25 to 40 percent of global primary palladium supply. Any disruption to Russian exports (whether in the form of sanctions, logistical issues, or geopolitical uncertainty) can send prices sharply higher almost overnight.
- Moreover, secondary supply from recycling matters a lot as well. Spent catalytic converters are the primary recycling source of palladium. But since car owners hold onto older vehicles longer, it delays scrapping, recycling supply falls, and the market tightens further. By the way, US vehicles now average a record 12.6 years old, which has been a meaningful drag on secondary supply.
Global Demand and Market Changes
The numbers tell a very compelling story. For instance, global palladium demand topped 10 million ounces in 2023, and it was driven largely by a strong rebound in the auto sector. But here’s what makes that figure even more striking: the market had already been running structural deficits since 2012. Shortfalls of roughly 0.9 million ounces in 2023 and 0.5 million ounces in 2024 meant supply simply could not keep up with what the world needed.
That persistent tightness is a big part of why prices were able to climb all the way to $3,440.76 per troy ounce in March 2022. And that is also why they exploded so violently when Russia invaded Ukraine.
However, one thing is worth mentioning is that EV adoption is seen as a long-term wildcard in the palladium metal price game. Battery-electric vehicles don’t use catalytic converters and therefore consume zero palladium. This explains why palladium prices went down sharply through 2023 and 2024, before a recovery took hold in 2025.
Impact of Currency Exchange Rates
You need to understand that palladium is priced internationally in US dollars per troy ounce. Now for Canadians, the USD/CAD exchange rate is a second variable that shapes the actual cost of the metal. Therefore, a weakening Canadian dollar effectively raises the CAD price of palladium even when the USD spot price is flat…and vice versa. This means tracking palladium metal price history in Canada requires watching both the metal itself and the exchange rate. Palladium price chart history is more important than you think.
Historical Palladium Prices by Year
If you look at the palladium price history chart (annual data more specifically), it tells the clearest story of a metal that went from overlooked to overheated and back again within a decade.
- 2016–2018: It was the time of slow build. At the time, palladium averaged around $614 in 2016 and about $869 in 2017. Then it went to $1,016 in 2018.
- 2019: This is where palladium surged 59.5 percent over the year and closed near $1,909 per ounce. So much so it outperformed every major commodity as supply deficits became undeniable.
- 2020: There was a major impact on global supply of palladium. Early 2000 saw incidents like a concentrator building collapse and mine flooding. Covid-19-related supply disruptions were also there. And despite the March pandemic selloff, palladium still closed at $2,453.80. This was a 28.5 percent full-year gain.
- 2021: Prices went from $2,336 per ounce in January to an all-time high at the end of April. However, semiconductor shortages curbed auto production, and the market swung into surplus temporarily, pulling prices back by year-end.
- 2022: This is where Russia’s invasion of Ukraine raised immediate supply fears. Hence, palladium skyrocketed to an intraday all-time high of $3,189 on March 9 before ultimately reaching $3,440 per troy ounce. Supply chains adapted through the year, and palladium finished at $1,719.
- 2023: The annual average of $1,307 represented a 36% decline. EV adoption anxieties weighed heavily, and markets priced in a potential long-term structural threat to autocatalyst demand.
- 2024: The average fell further to around $924, closing near $894 per ounce.
- 2025: Interestingly, this is where the palladium price soared by more than 83% as of mid-December. It happened due to supportive demand signals from slowing EV adoption trends and concerns about Russian supply reliability. The metal closed 2025 at $1,651.40 per ounce.
Highest Palladium Prices Recorded
Well, the absolute intraday record stands at a mammoth $3,440.76 per ounce. It was set on March 7, 2022, due to the financial sanctions on Russia, which produces about 25 to 40 percent of the global supply.
Lowest Palladium Prices in Recent Years
Palladium has actually experienced one of the steepest multi-year corrections of any major precious metal after the 2022 record. It has retreated roughly 75 percent from its peak, so much so that it fell to around $900 by late 2024.
Palladium Investment in Canada
Canadian investors can access palladium through several routes. However, each comes with its own trade-offs when it comes to liquidity, storage, costs, and tax treatment. But before you make any purchase, we highly recommend you take a look at the palladium price per ounce history in Canada.
Is Palladium a Good Long-Term Investment?
If we’re being honest here, the answer is genuinely more complex than it is for gold or silver. The thing is, the investment case rests heavily on its industrial role in catalytic converters. That factor alone is very important. After all, there are concerns about the long-term threat from EV adoption. But then again, EV adoption is moving more slowly than many had predicted, and hybrid vehicles still use catalytic converters. For long-term investors in Canada, palladium is typically treated as a tactical, higher-risk allocation rather than a core store-of-value holding like gold.
Physical Palladium vs Digital Investments
Don’t want counterparty risk? Well, here’s a side-by-side breakdown of the two main approaches Canadian investors use:
| Factor | Physical Palladium | Digital / Paper Palladium |
|---|---|---|
|
Forms Available |
Bars, coins, ingots, wafers |
ETFs, futures, allocated metal accounts |
|
Counterparty Risk |
None, you own the metal outright
|
Yes, dependent on issuer or custodian |
|
Storage |
Required, secure vault or home safe |
Not required
|
|
Storage Costs
|
Yes, insurance and vault fees apply
|
None |
|
Liquidity |
Lower, dealer spreads, assay may be needed
|
Higher, trades like a stock or contract
|
|
GST/HST in Canada
|
Exempt at 99.5%+ purity (bars, ingots, coins, wafers) under the Excise Tax Act
|
Varies by product structure
|
|
Purity Advantage
|
Investment-grade qualifies as a financial instrument
|
N/A
|
|
Best For |
Investors who want direct ownership and no custodial exposure |
Investors who prioritise ease of trading and flexibility
|
Remember that both options have genuine merit depending on your priorities. Physical palladium gives you direct ownership with no counterparty exposure, while digital routes offer convenience and lower entry costs. The right choice comes down to how you weigh control against accessibility.
Where Canadians Track Palladium Prices
Well-informed Canadians don’t make the mistake of relying just on the spot price. It is just the starting point. Knowing the CAD-converted price and understanding the fees and premiums that apply to your specific transaction is what actually matters. That’s why many Canadians take the help of reliable palladium price history platforms.
Live Market Price Sources
The international benchmark for palladium is the LBMA Palladium Price, set twice each business day in London in US dollars per troy ounce. The Bank of Canada publishes its daily USD/CAD reference rate each business day by 16:30 ET, which is the exchange rate used to convert that USD price into a Canadian-dollar figure.
Canadian Dealers and Market Updates
Several reputable Canadian bullion dealers buy and sell palladium bars and coins. And most of them publish live or near-live price updates on their websites. It’s worth knowing that the spread between buying and selling prices reflects dealer margins, assay costs, storage, and market risk. Also, more importantly, that spread tends to be wider for palladium than for gold or silver, partly because palladium is less liquid and the market is thinner. For scrap palladium like catalytic converter material, old jewellery, or industrial scrap, refineries will typically test the piece and quote based on their own assay. That’s why getting two or three quotes before committing to any transaction is a very standard practice.
Final Thoughts
Palladium price per ounce history in Canada is the story of how a relatively obscure platinum-group metal became one of the most closely watched commodities on earth. We know about the driving factors (autocatalyst demand, Russian supply concentration, longer-term EV question). That’s why palladium is both volatile and more interesting than most alternatives. No matter what your plans regarding palladium are, the palladium price history chart is worth considering before you make the decision.
FAQs
Well, it is mainly because palladium supply is highly concentrated in Russia and South Africa. Now both regions are prone to disruptions, and this made the price move far faster than most forecasters expected.
Yes, it does. The Lac des Iles mine, located 90 minutes northwest of Thunder Bay, Ontario, is one of only two known pure palladium sources in North America. This mine alone produces over 200,000 ounces of palladium annually. Thanks to this mine, Canada is ranked third biggest producer of palladium.
Well, it moves continuously during trading hours. The LBMA sets formal benchmarks twice each business day. However, futures prices trade around the clock on exchanges like NYMEX.
It totally depends on the timeframe. Now palladium is not like platinum, which hit all-time highs in 2008, or like gold and silver, which hit their all-time highs in 2025. Palladium peaked in 2021 and 2022. But in terms of expense, gold obviously trades well above palladium.
Top of the list is the automotive industry, which accounts for about 80 to 85 percent of annual palladium demand. It is used in catalytic converters for gasoline and hybrid vehicles. Electronics is a distant second, where palladium is used in multilayer ceramic capacitors and certain connectors. Dentistry, jewellery, and chemical manufacturing round out the rest.
Yes. Several Canadian bullion dealers carry palladium bars and coins, and the Royal Canadian Mint has issued palladium Maple Leaf coins in limited runs. Investment-grade palladium meeting the 99.5% purity threshold qualifies as a financial instrument under Canada’s Excise Tax Act, meaning GST and HST do not apply.