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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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Kremenchuk Under Fire: Ukraine Accuses Putin of Sabotaging Peace Efforts

                                            Firefighters work at the site of a Russian drone strike in Odesa.

An overnight Russian drone and missile barrage struck the central Ukrainian city of Kremenchuk, leaving parts of the Poltava region without power and prompting fresh accusations from Kyiv that President Vladimir Putin has no interest in ending the war.

The assault — the largest in August so far — came as Ukrainian President Volodymyr Zelenskyy met with U.S. President Donald Trump and European leaders in Washington to discuss a potential peace framework. According to Kremenchuk Mayor Vitalii Maletskyi, “scores of blasts” targeted energy and transport infrastructure at the very moment Putin was assuring Trump by phone that he sought peace.

Ukraine’s air force reported that Russia launched 270 drones and 10 missiles overnight, with 230 drones and six missiles intercepted. Strikes were recorded at 16 locations, damaging administrative buildings and cutting power to nearly 1,500 homes and over 100 businesses in the Lubny district.

While no casualties were reported, officials said the attack underscored Moscow’s continued targeting of critical infrastructure. Russia, in turn, claimed Ukrainian drones sparked fires at an oil refinery and a hospital roof in the Volgograd region.

The timing of the strike, coinciding with high-level peace talks, has reinforced Ukrainian claims that the Kremlin’s actions contradict its diplomatic rhetoric.

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