Skip to main content

Featured

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 ...
Post a Comment
Read more

article

Labels

Israel’s Expanding Offensive in Central Rafah: A Closer Look

 

The Israeli military has officially confirmed that its forces are operating in central parts of Rafah as part of an expanding offensive in the southern Gaza city. This development comes after Israel launched a ground assault into Rafah on May 6, triggering an exodus of approximately 1 million Palestinians from the city and disrupting U.N. humanitarian operations in the area.

Key Points:

  1. Citywide Operations: The Israeli military statement suggests that its forces have been operating in most parts of Rafah, including both eastern districts and areas close to the border with Egypt. Israeli troops seized the Rafah crossing into Egypt on the first day of the offensive and have since claimed control over the Philadelphi Corridor, a road running along the Gaza-Egypt border on the Gazan side.
  2. Recent Developments: Earlier this week, Israeli troops also moved into Rafah’s western district of Tel al-Sultan, where heavy clashes with Hamas fighters have been reported by witnesses.
  3. Hamas Presence: The offensive aims to uproot Hamas fighters, following the group’s October 7 attack on southern Israel. In central Rafah, Israeli troops have uncovered Hamas rocket launchers, tunnels, and dismantled a weapons storage facility.
  4. Humanitarian Impact: The exodus of Palestinians from Rafah has led to a scattered population across southern and central Gaza. Most of them now live in squalid tent camps, with up to around 300,000 people believed to remain in the area. Some still reside in the central urban parts of Rafah, while others have sought refuge in rural areas near the coast, which have also been targeted by Israeli strikes and shelling.

Despite the ongoing offensive, U.S. President Joe Biden has emphasized that Israel has not crossed the “red lines” of a full-fledged invasion that he had urged them against. The situation remains tense, and humanitarian organizations continue to grapple with the challenges posed by the conflict.



Labels:

Comments

Post a Comment