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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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Flight Attendants Rally Nationwide Amid Contract Talks

 

Air Canada flight attendants hold a silent protest at Montreal-Pierre Elliott Trudeau International Airport on Monday. 

In a bold show of solidarity, Air Canada flight attendants staged coordinated demonstrations at four major airports across Canada—Toronto Pearson, Montreal Trudeau, Vancouver International, and Calgary International—on Monday. The action, organized by the Canadian Union of Public Employees (CUPE), was dubbed a “National Day of Action” and aimed to spotlight grievances over low wages and unpaid work hours.

Hundreds of uniformed attendants stood silently outside departure gates, holding signs like “Unpaid work won’t fly” and “unfAir Canada.” CUPE representatives emphasized that flight attendants often perform mandatory duties such as boarding and safety checks without compensation, with some relying on food banks and shared housing to make ends meet.

Negotiations between Air Canada and CUPE resumed last Friday, following a 99.7% strike mandate vote by union members. A potential strike could begin as early as August 16, pending a 72-hour notice. Air Canada stated that operations remain unaffected and expressed hope for a fair settlement that recognizes the contributions of its flight attendants.

This nationwide demonstration marks a critical moment in the ongoing labor dispute, as both sides work toward a resolution that could impact thousands of travelers.

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