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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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Thousands of Syrians Begin Journey Home from Turkey

 

Hundreds of Syrian refugees gathered at the Cilvegozu and Oncupinar border crossings in southern Turkey on Monday, eagerly awaiting their return home following the fall of President Bashar Assad’s government. Many arrived at the border gates at daybreak, wrapped in blankets and coats, some even setting up makeshift fires to keep warm.

Among the crowd was 28-year-old Muhammed Zin, who fled Damascus in 2016 and has been living in Istanbul. “Assad was shooting us, killing us,” he told the Associated Press. “I will return to Syria now. Thank God, the war is over,” he said.

Seer Ali, 18, who left Damascus six years ago, expressed similar sentiments. “We are very happy, very happy. Not just me, but everyone, all of us Syrians here are very happy,” he said. “Everyone will return, no one will stay here. They will all go to their families.”

Turkish officials have not disclosed the exact number of Syrians who have returned since Assad’s downfall. Authorities have set up checkpoints to ensure only those with proper documentation can advance to the border gate. The fall of Assad has sparked widespread joy among Turkey’s three million Syrian refugees, many of whom have taken to the streets to celebrate.

Turkish Foreign Minister Hakan Fidan stated, “We will continue our efforts to ensure the safe and voluntary return of Syrians and to rebuild the country.”

As the first major wave of refugees begins their journey home, the future remains uncertain, but hope and excitement fill the air.




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