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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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Wall Street Surges as Tech Rally Pushes Indexes Toward Record Highs

U.S. stocks soared Tuesday, with the S&P 500 and Nasdaq Composite closing at their highest levels since February, inching closer to all-time records. The Dow Jones Industrial Average also joined the rally, climbing over 500 points, or roughly 1.2%.

The surge was fueled by renewed optimism in megacap tech stocks, particularly Nvidia, Microsoft, and Apple, which helped the Nasdaq 100 notch a fresh closing high. Investors were also buoyed by signs of geopolitical easing, as a fragile U.S.-brokered ceasefire between Israel and Iran appeared to hold, easing fears of oil supply disruptions.

Federal Reserve Chair Jerome Powell’s testimony to Congress added to the bullish sentiment. Powell signaled that*interest rate cuts could come “sooner rather than later”, while maintaining a cautious stance amid ongoing tariff concerns.

With the S&P 500 now within 1% of its record high and the Nasdaq already setting new benchmarks, Wall Street appears to be regaining its footing after a volatile spring. The rally underscores investor confidence in both the resilience of the U.S. economy and the enduring strength of the tech sector.

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