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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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Escalation in the West Bank: Israel’s Deadliest Raids Since Gaza Conflict

 

In a significant escalation, Israeli forces have launched their deadliest raids in the West Bank since the onset of the Gaza war. The Israeli military reported the killing of five militants, including a local commander, in the occupied territory. This operation, which took place in the city of Jenin, marks the most intense military action in the West Bank in recent years.

The raids have resulted in a total of 16 fatalities over the past two days, making it the deadliest Israeli operation in the West Bank since the conflict with Hamas began. The ongoing violence has raised concerns among international officials, who fear that the conflict could extend further from Gaza into the West Bank.

The United Nations has urged Israel to halt its operations to prevent further escalation and potential extension of the war. Despite these calls, the situation remains tense, with both sides bracing for further confrontations.


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