BofA analyst Justin Post cut his price targets and financial forecasts for both e-commerce companies. Read More...
Reuters
Canadian dollar rallies one percent as oil prices jump
The Canadian dollar strengthened against its U.S. counterpart on Monday, rebounding from its lowest level in more than two years, as oil prices jumped and despite domestic data showing a second straight month of declining factory activity. The price of oil, one of Canada’s major exports, rose as OPEC+ considers reducing output by more than 1 million barrels per day (bpd) to buttress prices with what would be its biggest cut since the start of the COVID-19 pandemic. U.S. crude prices were up 5.8% at $84.12 a barrel.
