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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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Supreme Court Decision Sparks Debate Over Alien Enemies Act


The U.S. Supreme Court has ruled in favor of former President Donald Trump, allowing the use of the Alien Enemies Act of 1798 to deport alleged Venezuelan gang members. This decision, made in a 5-4 vote, has reignited discussions about the application of this wartime law in modern times.

The Alien Enemies Act, historically employed during wartime, grants the president authority to deport individuals deemed a national security risk. Trump's administration invoked this law to expedite the deportation of members of the Tren de Aragua gang. However, the court emphasized that detainees must be given notice and an opportunity to challenge their removal through habeas corpus claims.

Critics argue that the law's application in this context exceeds its intended scope, as it was designed for wartime scenarios involving foreign governments. Supporters, however, view the decision as a victory for national security and presidential authority.

The ruling has sparked legal and ethical debates, with dissenting justices questioning the legitimacy of using the Alien Enemies Act for non-state actors like gangs. The case continues to highlight tensions between executive power and judicial oversight in immigration policy.

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