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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 and EU Forge Strategic Alliance Amid Global Arms Race


In a rapidly shifting geopolitical landscape, Canada and the European Union (EU) are strengthening their defense ties to address growing security concerns. This collaboration aims to bolster each other's military capabilities and reduce reliance on traditional allies, particularly the United States.

The partnership comes as Europe accelerates its rearmament efforts in response to heightened threats from Russia. Canada, with its robust defense manufacturing sector, is poised to play a pivotal role in this alliance. Canadian firms are expected to contribute to the production of European fighter jets, military equipment, and advanced technologies, marking a significant shift in Canada's defense strategy.

For Canada, this partnership offers an opportunity to diversify its defense exports and integrate into European supply chains. The EU, on the other hand, benefits from Canada's expertise in areas such as aerospace, naval defense, and cybersecurity. This collaboration underscores a mutual commitment to enhancing transatlantic security and addressing shared challenges.

As the global arms race intensifies, this alliance signals a strategic recalibration of military partnerships, reflecting the evolving dynamics of international relations.



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