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The Loonie Just Hit an 8-Week High — Here's What a Stronger Dollar Means for You

  August 11, 2026 Three weeks ago, we told you the Canadian dollar had crashed to a 14-month low . This week, it's doing the opposite: the loonie just touched its strongest level since June, and it's not a small bounce. If you shop online, travel south, or hold US stocks in your RRSP or TFSA, this move actually moves your numbers. What actually happened The Canadian dollar strengthened to about 1.393–1.394 per US dollar — roughly 71.7 to 71.8 US cents — its best level in eight weeks, according to Reuters and TradingEconomics data. That's a meaningful move: the loonie has gained close to 2% against the greenback since hitting 1.4248 on July 25, and it's up about 1.6% over the past month alone. THE TURNAROUND, IN THREE NUMBERS July 25 (14-month low) 1.4248 USD/CAD Today (8-week high) ~1.394 USD/CAD Move since July 25 Loonie up ~2.2% Two things are driving it. First, Friday's July jobs report blew past every forecast — the Canadian economy added 75,100 jobs against ...
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Dow Leads Gains Amid Earnings Surge

 

In today’s stock market, the Dow Jones Industrial Average (^DJI) took the lead, rising approximately 0.3%. The broader market also saw positive movement, with the S&P 500 (^GSPC) climbing around 0.2%. Even the tech-heavy Nasdaq Composite (^IXIC) managed to erase earlier session losses and finish in the green.

Investors are closely monitoring earnings season, which is now halfway done. The question on everyone’s mind: Can strong earnings results reignite the stock rally?

Here are some notable highlights from today’s market:

  1. Spotify (SPOT): Shares of the music streaming giant surged after the company provided robust guidance.

  2. Eli Lilly (LLY): The pharmaceutical company’s stock popped as its 2024 profit forecast exceeded estimates.

  3. New York Community Bank (NYCB): Unfortunately, investor concerns over the health of this commercial real estate lender caused its shares to plummet by more than 22%.

Additionally, comments from Federal Reserve officials added to the market chatter. Cleveland Fed President Loretta Mester emphasized caution in moving interest rates down too soon, while Minneapolis Fed President Neel Kashkari acknowledged positive inflation data but stressed that the Fed isn’t fully prepared to tackle higher prices yet.

As the market navigates these dynamics, investors remain vigilant about the possibility of interest rate cuts and the impact on their portfolios. 

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