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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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Long Waits, Short Staff: CRA Call-Centre Delays Under Scrutiny


The Canada Revenue Agency (CRA) is facing mounting criticism over persistent call-centre delays, with taxpayers reporting wait times stretching well beyond service benchmarks. Many callers say they’ve endured hours on hold, only to be disconnected or transferred without resolution.

The delays are fuelling concerns about chronic understaffing, as insiders point to unfilled positions and seasonal surges in demand. Union representatives warn that without targeted hiring and better retention strategies, service levels could continue to decline — particularly during peak tax season.

For individuals and businesses seeking urgent tax guidance, the lag has tangible consequences, from delayed filings to missed appeal deadlines. The CRA has acknowledged the service gaps and says it is exploring technology upgrades and recruitment initiatives, though no firm timelines have been provided.

Public patience, however, appears to be running thin — and with the upcoming filing cycle on the horizon, the pressure to deliver faster, more reliable assistance has never been greater.

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