Shrugging off the virus

By: Miguel A. Rodriguez

10:24, 11 August 2021

Canadian dollar recovers from 2-week low as oil rallies.
  • #Oil prices rose more than $1, recouping some of the losses in the previous session, as a rise of demand in Europe and the United States outweighed concerns over a rise of #COVID cases in Asian countries.
  • The Canadian dollar edged higher against its U.S. counterpart as a rebound in oil prices offset broader gains for the greenback, with investors awaiting U.S. inflation data.
  • Hackers have breached blockchain-based platform Poly Network and extracted more than $600 million in #cryptocurrencies, marking the biggest hack ever in the DeFi space.

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