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.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"