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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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Kremlin Balances Criticism of Trump’s Rhetoric With Hope for Peace Talks

U.S. President Donald Trump meets with Ukrainian President Volodymyr Zelenskiy during the 80th United Nations General Assembly, in New York City


Russia has responded cautiously to U.S. President Donald Trump’s recent remarks suggesting Ukraine could reclaim all of its territory, a sharp departure from his earlier calls for compromise. While Kremlin officials dismissed the idea of a Ukrainian military victory as “mistaken,” they also emphasized that Moscow still assumes Trump remains committed to pursuing a negotiated settlement.

Trump’s comments came after his meeting with Ukrainian President Volodymyr Zelensky during the UN General Assembly in New York. On social media, he described Russia as facing “BIG Economic trouble” and urged Kyiv to act decisively. The Kremlin quickly pushed back, with spokesperson Dmitry Peskov warning that such statements encourage Ukraine to prolong the conflict rather than seek dialogue.

Despite the sharper tone, Russian officials stopped short of declaring Trump’s peace efforts over. Analysts note that Moscow continues to view Washington as an indispensable player in any eventual settlement, even as it signals determination to press ahead militarily.

The mixed messaging underscores the fragile state of diplomacy: Trump’s unpredictability has rattled Moscow, but his repeated insistence that he wants the war to end leaves the door open for renewed negotiations.



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