) closed at its lowest level since Nov. 6, 2020 — just a day before President Biden's election was called by most media outlets. And with this latest move lower, investors are effectively shutting the door on one of the defining pandemic-era trades.
Job losses tend to accelerate in the late stages of the business cycle, as employment often cracks before we get an "official". So the next time jobless claims shoot higher and the elusive "r-word" definitively rears its ugly head, investors may take a shot at small caps. TORONTO — The Canadian dollar has dipped against its U.S. counterpart following the Bank of Canada's decision to hold its key interest rate at five per cent. Here's what it means for Canadians. How is the loonie doing? As of midday, it was trading at 72.55 cents to the U.S. dollar, compared with 72.83 cents on Tuesday. It was trading above 75 cents US as recently as July, while the current level is approaching a brief low of 72.43 cents US hit in March.
The founder of Chinese property developer Evergrande — who was once Asia's second-richest person — is no longer a billionaire