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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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Tragedy Strikes as Tropical Storm Trami Devastates the Philippines

 

The Philippines is reeling from the devastating impact of Tropical Storm Trami, which has caused massive flooding and landslides, leaving at least 126 people dead or missing. The storm, which struck the northern regions of the country on Thursday and Friday, has displaced over 500,000 residents and isolated numerous communities.

President Ferdinand Marcos addressed the nation on Saturday, expressing deep sorrow over the loss of life and the ongoing struggles faced by those affected. “Many areas remain isolated, and rescue operations are still underway,” he stated, highlighting the urgent need for aid and support in the hardest-hit regions.

The storm’s relentless rains triggered landslides that buried homes and infrastructure, complicating rescue efforts. Emergency services are working tirelessly to reach those trapped and provide essential supplies to survivors. The government has mobilized all available resources to assist in the rescue and recovery operations.

As the nation mourns, the international community has begun to offer support, with neighboring countries and global organizations pledging aid to help the Philippines recover from this catastrophic event.


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