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The Loonie Just Hit an 8-Week High — Here's What a Stronger Dollar Means for You

  August 11, 2026 Three weeks ago, we told you the Canadian dollar had crashed to a 14-month low . This week, it's doing the opposite: the loonie just touched its strongest level since June, and it's not a small bounce. If you shop online, travel south, or hold US stocks in your RRSP or TFSA, this move actually moves your numbers. What actually happened The Canadian dollar strengthened to about 1.393–1.394 per US dollar — roughly 71.7 to 71.8 US cents — its best level in eight weeks, according to Reuters and TradingEconomics data. That's a meaningful move: the loonie has gained close to 2% against the greenback since hitting 1.4248 on July 25, and it's up about 1.6% over the past month alone. THE TURNAROUND, IN THREE NUMBERS July 25 (14-month low) 1.4248 USD/CAD Today (8-week high) ~1.394 USD/CAD Move since July 25 Loonie up ~2.2% Two things are driving it. First, Friday's July jobs report blew past every forecast — the Canadian economy added 75,100 jobs against ...
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Trump Threatens Economic Sanctions on Canada

 

In a dramatic return to the Oval Office, U.S. President Donald Trump has announced his intention to impose significant tariffs on Canada and Mexico. Trump, who was inaugurated for his second term just a day ago, stated that he plans to implement a 25% tariff on Canadian and Mexican goods starting February 1.

This announcement has sent shockwaves through the political and economic landscape, with Canadian leaders scrambling to respond. Ontario Premier Doug Ford emphasized the need for unity among Canadian provinces to confront Trump's aggressive trade policies. Meanwhile, Alberta Premier Danielle Smith has expressed reluctance to fully support federal retaliation plans, citing concerns over Alberta's energy sector.

The proposed tariffs are part of a broader series of executive actions by Trump, which include withdrawing from the Paris climate accord and the World Health Organization, as well as threatening military action against drug cartels in Mexico. The situation remains fluid, with both countries bracing for potential economic fallout.


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