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

Ceasefire in Gaza: A Historic Prisoner Swap

In a significant development towards peace, Hamas militants released four female Israeli soldiers held captive since October 7, 2023. The soldiers, Karina Ariev, Daniella Gilboa, Naama Levy, and Liri Albag, were handed over to the Red Cross in Gaza City. This exchange was part of a broader ceasefire agreement between Hamas and Israel, which also saw the release of 200 Palestinian prisoners.

The ceasefire, brokered by Egypt and Qatar with backing from the United States, aims to end the 15-month-long conflict that has devastated Gaza. The release of the soldiers was met with jubilation in Israel, with crowds gathering in Tel Aviv's Hostages Square to watch the event on large screens.

Israel's release of the Palestinian prisoners, including many serving life sentences for deadly attacks, was a crucial part of the agreement. The ceasefire has so far held, reducing hostilities and allowing humanitarian aid to flow into Gaza.

This historic exchange marks a hopeful step towards lasting peace in the region, with both sides working towards further negotiations to secure the release of remaining hostages and the withdrawal of Israeli forces from Gaza.




Labels:

Comments

Post a Comment