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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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Ukrainian Drone Strike Ignites Blaze at Russian Oil Refinery

                                                   Smoke and fire rise from an industrial facility, in Saratov.

In a bold escalation of its campaign to disrupt Russian military logistics, Ukraine's Armed Forces confirmed a drone strike on the Saratov oil refinery overnight on August 9–10. The refinery, located in Russia’s Saratov Oblast, is considered a key fuel infrastructure facility, supplying petroleum products to Russian forces engaged in the war against Ukraine.

According to Ukraine’s General Staff, the attack was carried out by the Unmanned Systems Forces in coordination with other defense units. The strike triggered multiple explosions and a significant fire at the refinery complex, which has an annual processing capacity of up to 7 million tonnes of oil.

Ukraine emphasized that such operations are part of a broader strategy to weaken Russia’s military and economic capabilities. “A just peace is closer with every target struck on the territory of the Russian Federation that is involved in its criminal war against Ukraine,” the General Staff stated.

The incident marks another chapter in the intensifying drone warfare between the two nations, as Ukraine continues to target strategic assets deep within Russian territory.


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