Batis Exchange
The bank estimates that the average cost of mining one Bitcoin is currently around $78,000, while the cryptocurrency’s market price sits near $63,000. Analysts noted that Bitcoin has remained below this production-cost threshold for five straight months, creating challenging conditions for many mining operators.
Statistics Canada reported that retail sales increased by 0.5% in April, reaching $73 billion. The gain was largely driven by stronger spending at fuel retailers and motor vehicle dealerships.
The Canadian dollar weakened further this week as falling oil prices and changing interest rate expectations created a challenging environment for the currency.
The Canadian dollar weakened further this week as falling oil prices and changing interest rate expectations created a challenging environment for the currency.
