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The Loonie Just Hit an 8-Week High — Here's What a Stronger Dollar Means for You

  August 11, 2026 Three weeks ago, we told you the Canadian dollar had crashed to a 14-month low . This week, it's doing the opposite: the loonie just touched its strongest level since June, and it's not a small bounce. If you shop online, travel south, or hold US stocks in your RRSP or TFSA, this move actually moves your numbers. What actually happened The Canadian dollar strengthened to about 1.393–1.394 per US dollar — roughly 71.7 to 71.8 US cents — its best level in eight weeks, according to Reuters and TradingEconomics data. That's a meaningful move: the loonie has gained close to 2% against the greenback since hitting 1.4248 on July 25, and it's up about 1.6% over the past month alone. THE TURNAROUND, IN THREE NUMBERS July 25 (14-month low) 1.4248 USD/CAD Today (8-week high) ~1.394 USD/CAD Move since July 25 Loonie up ~2.2% Two things are driving it. First, Friday's July jobs report blew past every forecast — the Canadian economy added 75,100 jobs against ...
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International Outcry as Israeli Navy Intercepts Gaza Aid Flotilla Carrying Greta Thunberg

 

A screengrab from a live stream video shows Israeli navy forces aboard the Gaza-bound vessel Florida, part of the Global Sumud Flotilla, which flotilla organisers report has been intercepted.


In a dramatic maritime standoff, Israeli naval forces intercepted a flotilla of approximately 40 boats en route to Gaza, carrying over 500 activists and humanitarian aid. Among those detained was Swedish climate activist Greta Thunberg, whose presence drew global attention to the mission.

The Global Sumud Flotilla, which set sail from Barcelona in late August, aimed to break Israel’s longstanding blockade of Gaza and deliver food, water, and medical supplies to civilians suffering amid a deepening humanitarian crisis. The convoy included lawmakers from Spain and Italy, Nelson Mandela’s grandson Mandla Mandela, and other prominent figures.

Israeli forces boarded the vessels roughly 70 nautical miles from Gaza, using water cannons and reportedly ramming one ship. The activists were diverted to the Israeli port of Ashdod, where deportation procedures began. Israel’s foreign ministry stated that all passengers were “safe and in good health,” while flotilla organizers condemned the interception as “an illegal attack on unarmed humanitarians”.

The incident sparked swift international condemnation. Leaders from Turkey, South Africa, and Ireland criticized Israel’s actions, calling for the release of detained nationals and adherence to international law.

Thunberg, who had previously been deported from Israel in June after a similar mission, released a pre-recorded video stating, “If you are watching this video, I have been abducted and taken against my will by Israeli forces. Our humanitarian mission was non-violent and abiding by international law”.

As tensions escalate, the fate of the remaining vessels and the broader implications for humanitarian access to Gaza remain uncertain.

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