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The Loonie Just Hit an 8-Week High — Here's What a Stronger Dollar Means for You

  August 11, 2026 Three weeks ago, we told you the Canadian dollar had crashed to a 14-month low . This week, it's doing the opposite: the loonie just touched its strongest level since June, and it's not a small bounce. If you shop online, travel south, or hold US stocks in your RRSP or TFSA, this move actually moves your numbers. What actually happened The Canadian dollar strengthened to about 1.393–1.394 per US dollar — roughly 71.7 to 71.8 US cents — its best level in eight weeks, according to Reuters and TradingEconomics data. That's a meaningful move: the loonie has gained close to 2% against the greenback since hitting 1.4248 on July 25, and it's up about 1.6% over the past month alone. THE TURNAROUND, IN THREE NUMBERS July 25 (14-month low) 1.4248 USD/CAD Today (8-week high) ~1.394 USD/CAD Move since July 25 Loonie up ~2.2% Two things are driving it. First, Friday's July jobs report blew past every forecast — the Canadian economy added 75,100 jobs against ...
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Daring Rescue: Israel Frees Hostages in Hamas-Led Operation

 


In a daring operation, Israel successfully rescued four hostages who were kidnapped during a Hamas-led attack on October 7. The hostages—Noa Argamani (25), Almog Meir Jan (21), Andrey Kozlov (27), and Shlomi Ziv (40)—were freed in a complex special daytime mission in Nuseirat. The rescue took place in two separate locations within the heart of Nuseirat.

Hamas had initially abducted around 250 hostages during their attack on southern Israel. Approximately half of them were released during a weeklong cease-fire in November. However, more than 130 hostages remain, with about a quarter of them believed to be deceased. The situation has intensified divisions within Israel on the best approach to bring the remaining hostages home.

Saturday’s operation marks the largest recovery of live hostages since the war began, bringing the total number of rescued captives to seven.

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