Skip to main content

Featured

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 ...
Post a Comment
Read more

article

Labels

UN Chief Demands Immediate Release of Detained Staff in Yemen

 

                                            UN Secretary-General Antonio Guterres



United Nations Secretary-General António Guterres has strongly condemned the recent detention of at least 11 UN personnel by Houthi authorities in Yemen. The arrests occurred during coordinated raids on UN offices, including the World Food Programme, UNICEF, and the World Health Organization, in the capital Sanaa and the port city of Hodeidah.

In a statement, Guterres denounced the arbitrary nature of the detentions and the forced entry into UN premises, calling the actions a violation of international norms. He demanded the “immediate and unconditional release” of all detained staff, including those held since 2021 and 2023, as well as NGO workers and civil society members who have been similarly targeted.

The total number of UN personnel currently detained in northern Yemen has risen to 34, according to UN Special Envoy Hans Grundberg. The detentions come amid heightened tensions following Israeli airstrikes that killed several Houthi leaders, including their prime minister, earlier in the week.

Guterres emphasized that UN staff must never be targeted while carrying out humanitarian work, and warned that such actions severely hinder efforts to deliver aid and promote peace in Yemen.


Labels:

Comments

Post a Comment