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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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Pierre Poilievre Faces Defeat in Ottawa-Area Riding Amid Federal Election Shake-Up

 

In a surprising turn of events during Canada's 2025 federal election, Conservative leader Pierre Poilievre is projected to lose his long-held seat in the Carleton riding. With two polls yet to report, Liberal candidate Bruce Fanjoy has taken the lead, marking a significant shift in the political landscape.

Poilievre, who has represented the Ottawa-area riding since 2004, faced a strong challenge from Fanjoy, whose campaign emphasized affordable housing and cost-of-living solutions. This defeat comes as a personal blow to Poilievre, who had previously secured the riding with a comfortable margin in past elections.

The broader election results indicate a Liberal victory nationwide, with Mark Carney poised to lead the government. While the Conservatives have made gains in other areas, Poilievre's loss underscores the unpredictable nature of this election.


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