Skip to main content

Featured

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 ...
Post a Comment
Read more

article

Labels

Nasdaq Futures Sink After Early Big Tech Bust, With Fed on Deck

                                 Nasdaq


The Nasdaq futures have taken a hit after the early Big Tech bust, with the Federal Reserve’s interest rate decision of the year on deck. 

The tech-heavy Nasdaq Composite is set to sink around 1.1% on Wednesday, while the benchmark S&P 500 traded about 0.5% lower after slumping slightly below its record high on Tuesday. 

The poor start from the tech mega-caps, which are expected to do much of the heavy lifting for the S&P 500 this earnings season, could unnerve Wall Street. Boeing is the highlight of the Wednesday earnings docket amid a string of safety concerns related to its planes.


 

Labels:

Comments

Post a Comment