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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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Ontario Premier Doug Ford Calls Snap Election for February 27

Ontario Premier Doug Ford is set to call a snap election next week, sending voters to the polls on February 27. This unexpected move comes as Ford seeks a fresh mandate to address the looming threat of tariffs from the United States under President Donald Trump. The provincial election, originally scheduled for June 2026, has been advanced as Ford emphasizes the need for a "strong mandate" to protect Ontario's economy and jobs.

Ford's decision has sparked criticism from opposition leaders, who accuse him of prioritizing his political career over the province's stability. Ontario Liberal leader Bonnie Crombie expressed her disapproval, stating that Ford has chosen "recklessness over responsibility". Despite the controversy, recent polls indicate that Ford's Progressive Conservative Party holds a significant lead, with 46% of respondents supporting the Conservatives.

The upcoming election will be the first mid-winter election in Ontario since 1981. As the province braces for this unexpected political event, all eyes will be on Ford's announcement next week and the subsequent campaign trail.

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