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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 Greece Forge Partnership to Boost Tourism

In a significant step towards enhancing bilateral relations, Canada and Greece have signed a memorandum of understanding (MOU) to promote tourism between the two nations. The agreement, signed in Athens, underscores the importance of tourism in fostering economic growth, cultural exchange, and sustainable development.

The MOU focuses on institutional cooperation, the exchange of data and best practices, and the development of innovative tourism models. Both countries aim to address challenges such as climate change by sharing expertise and promoting sustainable tourism practices. The agreement also seeks to increase tourism flows, making it easier for Canadians and Greeks to explore each other's countries.

This partnership builds on the strong cultural and historical ties between the two nations, with nearly 300,000 Canadians of Greek origin and many Canadians living, working, and studying in Greece. The collaboration is expected to create new opportunities for tourism investment, education, and vocational training, benefiting both economies.

Canadian Minister of Export Promotion, Mary Ng, emphasized the economic and cultural benefits of the agreement, stating that it would strengthen ties and support prosperity for both nations. Greek Tourism Minister Olga Kefalogianni highlighted the commitment to a sustainable and innovative tourism model, reflecting shared values of democracy and cultural heritage.

This MOU marks a new chapter in Canada-Greece relations, showcasing the potential of tourism as a bridge between nations.

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