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

Major IT Outage Disrupts Key Services Across Canada


A significant IT outage has caused widespread disruptions across Canada, affecting airports, banks, border crossings, and hospitals. The issue originated from a faulty update deployed by cybersecurity firm CrowdStrike, impacting computers running Microsoft Windows.

Airports: The outage led to numerous flight cancellations and delays, particularly affecting U.S.-based carriers like United Airlines and American Airlines. Porter Airlines, operating within Canada and to some U.S. locations, also experienced significant disruptions.

Banks: TD Bank and other financial institutions faced operational challenges, causing inconvenience to customers and delays in transactions.

Border Crossings: The Canada Border Services Agency (CBSA) reported partial outages in its telephone reporting system, primarily affecting small aircraft passengers and boaters. Long delays were noted at major border crossings, including the Ambassador Bridge and the Detroit-Windsor tunnel.

Hospitals: Health care networks in British Columbia and other regions experienced disruptions, affecting their computer systems and networks.

CrowdStrike has acknowledged the issue, stating that it was not a security incident or cyberattack. Efforts are underway to restore normal operations, but the impacts are expected to linger for several days.


Labels:

Comments

Post a Comment