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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's 'Liberation Day': A New Chapter in Global Trade Tensions

The global economy braces for impact as former President Donald Trump prepares to unveil his much-anticipated "Liberation Day" tariffs. This announcement, set for April 2, promises to reshape international trade dynamics with sweeping measures aimed at addressing what Trump describes as "decades of unfair trade practices." 

While the specifics remain unclear, the tariffs are expected to target countries with significant trade imbalances with the United States. Critics warn that this move could escalate into a full-blown trade war, with nations like China, Canada, and the European Union likely to retaliate. Economists predict that these measures could disrupt supply chains, increase consumer prices, and create uncertainty for businesses worldwide.

Trump's administration argues that these tariffs are necessary to restore American manufacturing and economic sovereignty. However, the lack of clarity surrounding the policy has left markets jittery, with businesses and governments alike scrambling to prepare for the potential fallout.

As the world awaits the official announcement, one thing is certain: "Liberation Day" marks a pivotal moment in the ongoing debate over globalization and economic nationalism. Whether it will lead to liberation or further entanglement in trade disputes remains to be seen.

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