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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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Wall Street Holds Steady Ahead of a Monster Week

 

The stock market in Wall Street has been holding steady ahead of a massive week. The S&P 500, the Dow, and the Nasdaq composite were little changed in early trading on Monday. Big Tech stocks are the main reason the S&P 500 has soared to a record high since two autumns ago. Seven of them have been responsible for the majority of the index’s returns over that time, and five of those will report their latest results this week: Apple, Alphabet, Amazon, Meta Platforms, and Microsoft. 

The U.S. Federal Reserve is scheduled to announce its monetary policy on Wednesday, with traders not anticipating a rate cut. This week will also bring another trove of corporate earnings, including the biggest technology companies in the world.


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