The Canadian dollar strengthened to a one-month high against its U.S. counterpart on Monday as investors grew more optimistic about the global economy and ahead of inflation data that could sway the Bank of Canada's interest rate outlook. The loonie was trading 0.3% higher at 1.3488 to the greenback, or 74.14 U.S. cents, after touching its strongest level since Aug. 15, at 1.3472.
Bill Gates, Michael Burry, Jim Chanos, and David Einhorn have all taken short positions in recent years.Hedge funds ditched energy stocks last week for the first time in three weeks, despite a rally in oil prices triggered by the prospect of a widening supply deficit, Goldman Sachs said in a report. The move, according to the bank's prime brokerage unit, was mainly led by short sales, meaning that hedge funds were speculating on a decline in energy stocks' prices.