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The Loonie Just Hit a 14-Month Low — Here's What It's Costing You

   Saturday, July 25, 2026 The Canadian dollar has slid to its weakest level since April 2025, and speculators are betting it has further to fall. Here's why it's happening and what it actually means for your wallet. If you've bought anything in U.S. dollars lately — a flight, an Amazon.com order, a hotel for a Florida trip — you may have noticed the exchange rate isn't doing you any favours. The Canadian dollar touched 1.4248 per U.S. dollar (about 70.2 U.S. cents ) last week, its weakest level in 14 months, before steadying closer to 1.41 . It's not just a bad week. Currency speculators have piled into bets against the loonie so aggressively that the Canadian dollar has overtaken the Japanese yen as the most heavily shorted major currency in the world, according to data from the U.S. Commodity Futures Trading Commission. Net short positions against the CAD hit roughly US$12.5 billion — the largest bearish bet on the loonie since December 2024. Why the loonie is ...
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U.S. and Israeli Defense Chiefs Discuss Strategies Amid Escalating Tensions in Gaza

 

As tensions escalate in the Gaza region, U.S. Defense Secretary Lloyd Austin and Israeli Defense Minister Yoav Gallant held a crucial meeting to address the ongoing crisis. Here are the key points from their discussion:

  1. Cease-Fire and Humanitarian Concerns:

    • The United States recently abstained from using its veto power in a United Nations Security Council vote, which called for an immediate cease-fire in Gaza.
    • Israel canceled a high-level delegation’s visit to Washington in response to the vote.
    • The focus of the meeting was on Israel’s plans to launch an offensive in Gaza’s southernmost city of Rafah, where over a million displaced people have sought shelter.
    • U.S. officials emphasized the need to address the threat posed by Hamas while ensuring civilian safety.

  2. Israel’s Determination and Challenges:

    • Israeli Prime Minister Benjamin Netanyahu has expressed determination to launch a military operation in Rafah.
    • He believes that Hamas cannot be defeated unless Israel targets four battalions, consisting of thousands of fighters, who are sheltering in the city.
    • The offensive has already resulted in significant casualties and displacement in Gaza.

  3. Lessons from Urban Operations:

    • The discussions included insights from the U.S.'s own experiences in conducting operations in urban environments.
    • Balancing military objectives with civilian safety remains a critical challenge.

  4. U.S. Position and International Pressure:

    • The U.S. abstention at the Security Council vote was a departure from its consistent stance during the conflict.
    • Israel expressed concern that this move might give Hamas hope that international pressure could force a cease-fire without securing the release of hostages.

In this delicate situation, both nations grapple with the complexities of military action, humanitarian needs, and regional stability. The outcome of their discussions will have far-reaching implications for the people of Gaza and the broader Middle East. 

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