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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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Trudeau Announces $1 Billion National School Food Program to Support Canadian Kids

 

Prime Minister Justin Trudeau, alongside Finance Minister Chrystia Freeland and Families Minister Jenna Sudds, has unveiled an ambitious initiative aimed at nourishing the future of Canadian children. The newly announced National School Food Program is set to provide meals to an additional 400,000 kids annually, going beyond existing school food programs.

The program, backed by a substantial $1 billion investment over five years, is a testament to Canada’s commitment to ensuring every child has access to nutritious meals. Trudeau emphasized that children deserve the best start in life, and this program aims to address the pressing issue of food insecurity faced by many Canadian families.

Impact and Goals

  • Peace of Mind for Parents: For moms and dads, the program offers peace of mind, knowing that their children are well-fed during school hours.
  • Healthy Meals for Kids: Children will benefit from healthy meals, which contribute to better learning outcomes, growth, and overall well-being.
  • Targeted Support: The program prioritizes vulnerable children, including those from lower-income families and racialized and Indigenous communities.
  • Collaboration with Provinces and Territories: Trudeau emphasized that the federal government will work closely with provinces, territories, and Indigenous partners to ensure effective implementation.

The lack of access to food disproportionately affects children from marginalized backgrounds. By getting healthy food onto the plates of growing kids, this program aims to level the playing field and set children up for success. Investments will also focus on First Nations, Inuit, and Métis communities, addressing some of the highest rates of food insecurity in Canada.

Trudeau’s announcement underscores the importance of investing in the well-being of our youth. As Canada continues to build an inclusive economy, the National School Food Program stands as a beacon of hope, ensuring that no child goes hungry while pursuing their education.


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