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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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Speaker Kicks Poilievre Out of the Commons After He Calls PM a ‘Wacko’ in Tense Question Period Exchange

In a heated exchange during question period, Conservative Leader Pierre Poilievre was kicked out of the House of Commons by Speaker Greg Fergus. The incident occurred after Poilievre referred to Prime Minister Justin Trudeau as a “wacko” for supporting British Columbia’s policy of decriminalizing some hard drugs in an attempt to reduce overdose-related deaths.

The tension escalated when Fergus asked Poilievre to withdraw his “unparliamentary language.” Poilievre refused, suggesting he would replace “wacko” with “extremist” or “radical.” Fergus promptly removed him from the chamber.

Following Poilievre’s ejection, the entire Conservative caucus left the Commons chamber in protest. Trudeau, who was also involved in name-calling during the exchange, accused Poilievre of courting “white nationalist groups” and criticized his past actions.

The incident highlights the intensity of political debates and the importance of maintaining decorum within the parliamentary setting. As the fallout continues, Canadians are closely watching how this clash will impact the political landscape.

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