-- A third-straight daily slide in Bitcoin took the digital asset close to levels last seen in February amid challenges including US political drama and the potential for disposals by creditors of the failed Mt. Gox exchange.US Allies Say China Is Developing Attack Drones for RussiaThe largest cryptocurrency fell as much as 2.7% on Thursday before paring some of the drop to trade 1% lower at $58,880 as of 1:30 p.m. in Singapore.
Sentiment can turn quickly in crypto, for instance if weaker US economic data spur bets on looser Federal Reserve monetary policy. Pending approvals for US exchange-traded funds investing in No. 2 token Ether could lift the mood too. Canadians are continuing to be laid off as part of a wave of job cuts that began in 2023 as companies assessed their operations after the height of the COVID-19 pandemic passed.
As the Canadian stock market experiences a robust first half of 2024, with solid gains and a positive economic outlook, investors are keenly observing how different sectors are performing. In this environment, identifying stocks that appear undervalued relative to their intrinsic value could be particularly compelling, especially in a market that has demonstrated strong historical returns following such promising starts.OMERS selling LifeLabs to Quest Diagnostics in deal valued at $1.
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