What a difference a year makes. Twelve months ago, the Canadian dollar was worth about $1.05, due mainly to the strength of Canada’s resource sector, particularly oil and gas and metals.
But with the current economic slowdown bordering on a recession, demand for those products is down and so is the Canuck buck, which has been trading around 80 cents for most of the fourth quarter of this year.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)