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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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Trump's Appointees Criticize Trudeau and Canada's Border Security

In the wake of President-elect Donald Trump's victory, his appointees have been vocal in their criticism of Canadian Prime Minister Justin Trudeau and the country's border security measures. As Trump begins to fill key positions in his administration, many of his most loyal supporters, now landing top jobs, have expressed concerns about Canada's policies.

Mike Waltz, Trump's pick for national security adviser, has repeatedly criticized Trudeau on social media, particularly regarding his handling of issues related to China. Waltz has also commented on the upcoming Canadian election, predicting that Conservative Leader Pierre Poilievre will "send Trudeau packing in 2025" and start addressing what he calls the "progressive mess" in Canada.

Elise Stefanik, Trump's choice for ambassador to the United Nations, has also raised alarms about security at the Canadian border. As a member of the Northern Border Security Caucus, Stefanik has called for increased measures to combat human and drug trafficking, claiming that dangerous illegal immigrants are crossing the northern border in record numbers.

These criticisms highlight the potential for strained relations between the U.S. and Canada as Trump's administration takes shape. With key appointees focusing on border security and foreign policy, the future of Canada-U.S. relations remains uncertain.

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