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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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U.S. Targets ICC Officials in Escalating Dispute Over War Crimes Probes

                                       A general view of the International Criminal Court, in The Hague, Netherlands. 


The United States has imposed sanctions on four senior officials of the International Criminal Court (ICC), intensifying its long-running clash with the tribunal over investigations involving U.S. and Israeli nationals.

Those sanctioned include Canadian judge Kimberly Prost, cited for authorizing an ICC investigation into alleged war crimes by U.S. personnel in Afghanistan. French judge Nicolas Yann Guillou, who approved arrest warrants for Israeli Prime Minister Benjamin Netanyahu and former Defence Minister Yoav Gallant over the Gaza conflict, was also targeted.

Two deputy prosecutors — Nazhat Shameem Khan of Fiji and Mame Mandiaye Niang of Senegal — face sanctions for supporting the Gaza-related warrants. The measures freeze any U.S.-based assets and restrict financial transactions, with Washington accusing the ICC of “politicization” and “illegitimate judicial overreach”.

The ICC condemned the move as an attack on judicial independence, while Israel welcomed the decision. The sanctions mark a renewed hardline approach by the Trump administration, which has long rejected the court’s jurisdiction over non-member states.

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