Skip to main content

Featured

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 ...
Post a Comment
Read more

article

Labels

Ford Urges Full-Time Office Return for Public Servants, Sparking Debate

 

                                            Ontario Premier Doug Ford


Ontario Premier Doug Ford is calling on the federal government, municipalities, and all regions across Ontario to require public servants to return to the office five days a week. Speaking in Inglewood, Ford praised the City of Ottawa’s recent decision to mandate full-time in-office work starting in the new year, urging others to “follow suit”.

Ford argues that in-person work fosters better mentorship, collaboration, and economic activity for downtown businesses that have struggled during the remote work era. His government has already announced that Ontario’s 60,000 provincial public servants will transition from hybrid schedules to full-time office attendance by January 2026.

The move aligns with a broader trend among major Canadian employers, including RBC, BMO, and Rogers, which have tightened in-office requirements. However, unions representing public servants have voiced strong opposition, warning the policy could harm recruitment, retention, and employee morale.

Federal public servants are currently required to work in the office at least three days a week, with executives in four days. Labour leaders expect remote work to be a key bargaining issue in upcoming contract negotiations.

The debate underscores a growing divide between leaders who see physical presence as essential for productivity and those who argue that flexible work arrangements are equally effective in delivering public services.

Labels:

Comments

Post a Comment