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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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Hamas Signals Openness to Gaza Ceasefire as Mediators Await Israeli Reply

 

                                             Palestinians rush to collect humanitarian aid packages.   

Qatar has confirmed that Hamas has given a “positive response” to a new proposal aimed at halting the war in Gaza, raising cautious hopes for a breakthrough in the long-running conflict. The plan, reportedly similar to one previously accepted by Israel, includes a 60-day truce, the partial release of hostages held in Gaza, and the freeing of Palestinian prisoners.

While Hamas has indicated readiness to move forward without amendments, Israel has yet to issue an official reply. Senior Israeli officials maintain that any agreement must include the release of all remaining hostages.

The development comes amid intense fighting, with Israeli forces continuing operations in Gaza City and other areas, resulting in dozens of casualties in the past 24 hours. Mediators from Qatar, Egypt, and the United States are urging both sides to seize the opportunity to de-escalate, warning that failure to do so could deepen the humanitarian crisis.

Public pressure is mounting in Israel, where large demonstrations have called for an end to the war and the safe return of captives. In Gaza, civilians remain trapped in increasingly dire conditions, with aid agencies warning of severe shortages of food, shelter, and medical supplies.

If accepted, the proposal could pave the way for renewed negotiations toward a lasting ceasefire — but for now, the next move lies with Israel.

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