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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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Venice Erupts in Protests Over Controversial €5 Tourist Entrance Fee


Venice, the picturesque Italian city known for its historic canals and narrow alleyways, was rocked by violent clashes between police and protestors. The cause? A contentious new “tourist tax” aimed at curbing overtourism during busy periods. Here’s what you need to know:

  • The Fee: The new entrance fee, set at €5 (approximately £4.30), applies to short-stay visitors and is in effect from today until May 5. On weekends, it will continue until July 14.

  • Critics’ Concerns: Demonstrators expressed their contempt towards the fee, arguing that it is unlikely to significantly reduce the approximately 30 million annual trips made to Venice. Some fear that it could tarnish the city’s public image.

  • Former Mayor’s Surprising Statement: Massimo Cacciari, a former mayor of Venice, went so far as to call the fee “absurd.” He suggested that tourists should outright refuse to pay, emphasizing that they already contribute to the city’s economy through various other expenses.

  • Business as Usual for Gondoliers: Amid the protests, gondoliers continued their usual work, ferrying tourists through the city’s iconic waterways. Tourists snapped photos of the demonstrations unfolding around them.

  • World’s First City to Charge an Entry Fee: Despite pleas from residents’ groups to reconsider the scheme, Venice became the first city globally to impose an entry fee specifically for day-tripper tourists. The goal is to manage congestion during peak times.

While the clashes highlight the tension surrounding the fee, the debate continues. Should visitors pay to experience the magic of Venice, or is this fee an unnecessary burden? Only time will tell how this unique policy shapes the city’s future.


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