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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 Considers 25% Tariffs on Canadian and Mexican Goods Starting February 1

In a significant move, U.S. President Donald Trump has suggested the possibility of imposing a 25% tariff on goods imported from Canada and Mexico as early as February 1. This announcement comes shortly after his inauguration as the 47th President of the United States.

During his first day in office, Trump signed a series of executive orders and hinted at the potential tariffs while addressing concerns about the borders with Canada and Mexico. Although he did not impose the tariffs immediately, he directed federal agencies to investigate and address trade deficits and unfair trade practices by other nations, including Canada and Mexico.

The proposed 25% tariff could have severe economic repercussions for Canada, potentially leading to a recession and requiring government intervention to stabilize the economy. In response, Canada has prepared a plan to impose retaliatory tariffs on $37 billion worth of American goods if Trump proceeds with the trade action.

Finance Minister Dominic LeBlanc expressed cautious optimism, noting that the threat of tariffs might be suspended for now, but emphasized the importance of being prepared for any scenario. The situation remains fluid, and both countries are closely monitoring developments as they unfold.


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