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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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Apple Cake Recipe


This French apple cake is tender, buttery, and effortlessly delicious—simple to make and perfect any time of day.

Ingredients

  • 1 cup (125 g) all-purpose flour
  • 1 teaspoon baking powder
  • 1/4 teaspoon salt
  • 1/2 cup (1 stick / 113 g) unsalted butter, melted and cooled slightly
  • 2/3 cup (135 g) granulated sugar
  • 2 large eggs
  • 1 1/2 teaspoons vanilla extract
  • 3 tablespoons dark rum (optional but traditional)
  • 2 medium–large apples (about 1 lb / 450 g total), peeled, cored, and cut into 1/2‑inch chunks
  • Confectioners’ sugar, for dusting (optional)

Instructions

  1. Preheat oven to 350°F (175°C). Grease a 9‑inch springform pan and line the bottom with parchment paper.
  2. Mix dry ingredients: In a small bowl, whisk together flour, baking powder, and salt.
  3. Mix wet ingredients: In a large bowl, whisk melted butter and sugar until smooth. Add eggs one at a time, whisking well after each. Stir in vanilla and rum.
  4. Combine: Add dry ingredients to wet and stir until just combined (don’t overmix).
  5. Fold in apples: The batter will be thick and apple‑heavy—that’s exactly right.
  6. Bake: Pour into prepared pan, smoothing the top. Bake 40–50 minutes, until golden brown and a toothpick inserted in the center comes out clean.
  7. Cool & serve: Let cool in the pan for 10 minutes, then release the springform. Serve warm or at room temperature, dusted with powdered sugar if desired.

Tips for Success

  • Apple choice: Use a mix of sweet and tart (e.g., Honeycrisp + Granny Smith) for best flavor.
  • Rum substitute: If you prefer alcohol‑free, swap with apple juice or milk.
  • Serving idea: Lovely with whipped cream, vanilla ice cream, or a drizzle of caramel sauce.


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