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The Loonie Just Hit a 14-Month Low — Here's What It's Costing You

   Saturday, July 25, 2026 The Canadian dollar has slid to its weakest level since April 2025, and speculators are betting it has further to fall. Here's why it's happening and what it actually means for your wallet. If you've bought anything in U.S. dollars lately — a flight, an Amazon.com order, a hotel for a Florida trip — you may have noticed the exchange rate isn't doing you any favours. The Canadian dollar touched 1.4248 per U.S. dollar (about 70.2 U.S. cents ) last week, its weakest level in 14 months, before steadying closer to 1.41 . It's not just a bad week. Currency speculators have piled into bets against the loonie so aggressively that the Canadian dollar has overtaken the Japanese yen as the most heavily shorted major currency in the world, according to data from the U.S. Commodity Futures Trading Commission. Net short positions against the CAD hit roughly US$12.5 billion — the largest bearish bet on the loonie since December 2024. Why the loonie is ...
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U.S. Intelligence Disputes Trump’s “Total Obliteration” Claim on Iran Nuclear Sites

A newly surfaced U.S. intelligence assessment has cast doubt on former President Donald Trump’s assertion that recent American airstrikes “completely and totally obliterated” Iran’s nuclear infrastructure. According to sources familiar with the Defense Intelligence Agency’s (DIA) early findings, the strikes—though damaging—only set Iran’s nuclear program back by a few months.

The DIA report indicates that Iran had moved some of its enriched uranium stockpiles prior to the attacks, and that many of its centrifuges remain intact. While entrances to key facilities like Fordo were damaged, the underground infrastructure largely survived the assault.

Despite these findings, the White House has strongly rejected the assessment, calling it “flat-out wrong” and defending the mission as a “perfectly executed” operation. Trump has continued to insist that the strikes were a decisive blow, stating that Iran’s nuclear capabilities were “totally destroyed”.

The conflicting narratives have sparked renewed debate over the effectiveness of the strikes and the transparency of national security communications. As the region enters a fragile ceasefire, the true extent of the damage—and its implications for global nuclear diplomacy—remains under scrutiny.

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