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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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Poilievre Pressures Carney to Cap Deficit at $42B in Next Budget

Conservative leader Pierre Poilievre also called for an end to what he calls 'the inflation tax' and the federal fuel standard.

Conservative Leader Pierre Poilievre is urging Prime Minister Mark Carney to rein in federal spending and ensure the upcoming budget keeps the deficit below $42 billion. Speaking on Parliament Hill, Poilievre argued that Canadians are already struggling with high living costs and cannot afford what he calls “reckless overspending” by the Liberal government.

Carney, however, has signaled that the deficit is likely to exceed earlier projections, with the Parliamentary Budget Officer forecasting a shortfall closer to $68.5 billion this year. The Prime Minister has defended his fiscal approach, pointing to investments in infrastructure and social programs as necessary to support long-term growth.

The clash underscores a growing political battle over fiscal responsibility, with Poilievre framing the issue as one of affordability and accountability, while Carney emphasizes economic resilience and future-oriented spending.


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