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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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Canada Post Resumes Operations Tuesday After Month-Long Strike

 

 Mail is set to begin moving again on Tuesday, December 17, after a month-long strike by Canada Post employees. The Canada Industrial Relations Board (CIRB) ordered the postal workers back to work, declaring an impasse in negotiations between Canada Post and the Canadian Union of Postal Workers (CUPW).

While operations will technically resume on Tuesday, Canada Post has warned that it will take time to clear the backlog of packages and letters that accumulated during the strike. The company will not receive or pick up new products until Thursday, December 19, and will start accepting new international mail on December 23.

Canadians should expect delays into January 2025, and post office hours of operation may vary as the company ramps up operations. The CIRB has extended the current collective agreements until May 22, 2025, to allow for continued negotiations.

Canada Post and the union have agreed to implement a five percent wage increase, retroactive to the day after the collective agreements expired. Key issues in the dispute included wage increases and a push by Canada Post to expand delivery to the weekend.

The federal government had initially resisted intervening in the dispute but eventually directed the CIRB to order the workers back to work. Labour Minister Steven MacKinnon emphasized the need to address the structural issues facing Canada Post and find a sustainable solution.

As operations resume, Canada Post is committed to providing customers with as much information as possible regarding specific timelines and capacity. The company is also working to ensure that employees are compensated fairly during this transition period.




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