Bloomberg Market Wrap 7/1: Bitcoin, Canadian Dollar, Oil

The video discusses the volatility of Bitcoin, highlighting its recent price fluctuations and long-term uptrend. It then shifts focus to the Canadian dollar, explaining its strong performance due to rising crude oil prices and economic conditions. Finally, the video examines the crude oil market, noting the impact of OPEC's production cuts and the challenges posed by US shale production.

What was the net change in Bitcoin's value over the four-day period discussed?

• Up 16%

• Down 16%

• Down 10%

• Up 10%

What is one reason for the Canadian dollar's strong performance this year?

• Decrease in the Bank of Canada's policy rate

• Increase in crude oil prices

• Increase in global economic surprise indexes

• Decrease in crude oil prices

How does the Bank of Canada's policy rate expectation compare to the Federal Reserve's for the first time since mid-2017?

• Higher than the Federal Reserve's

• Equal to the Federal Reserve's

• Lower than the Federal Reserve's

• Not mentioned

What unusual market reaction occurred after OPEC announced extended production cuts?

• Decrease in oil prices

• Increase in oil prices

• No change in oil prices

• Stability in oil prices

What concern did investors have regarding OPEC's decision to extend production cuts?

• Insufficient to support the market

• Excessive support for the market

• No impact on the market

• Increase in US shale production